Geek, This looks like great news...The market reacted otherwise...What's going on? Makes one wish he were trading this one instead of holding long term...Of course I always say that after the fact...I've never been very good at timing my entry and exit points when I trade...
Wednesday February 26 11:09 AM EDT
New change agents for Open Text's Livelink Intranet
brings smart `push' technology to Web-based business
processes
WATERLOO, Ont.--(BUSINESS WIRE)--Feb. 26, 1997--
Intelligent Agents Allow Interaction With Document Management,
Workflow and Collaborative Project System Through Standard Email
Readers
Open Text Corporation (OTEXF:Nasdaq) today announced a breakthrough capability that uses
'Change Agents' to look in the Livelink Intranet business process management system for information
that users need, and 'pushes' it to them via any standard email reader, including Qualcomm's Eudora,
Lotus' Notes Mail and the email components of Netscape Navigator and Microsoft Exchange. This
unique intranet Webcasting technology enables users to benefit from the power and security of
Livelink's robust business process management system by simply clicking on hyperlinks contained in
email messages. Livelink is an integrated intranet application suite that provides document
management, workflow, searching and collaborative tools. Users create 'project home pages' that
enable a team that may be distributed around the world to work together effectively. Livelink's
industrial strength capabilities are delivered through standard Web browsers.
Livelink Change Agents alert users to changes made throughout the entire system and enables users
to access any document or object in Livelink by simply clicking on a link contained in an email
message. To some users, Livelink will now appear to be an advanced add-on to their current email
system.
Change Agents continually monitor a large number of conditions on any object in the system
including: additions to project libraries, the initiation of a workflow that involves multiple users,
creation of new projects, a workflow step becoming late, the completion of a project, additions to
threaded discussions, changes to the elements of compound documents, etc.
Users are given extraordinary flexibility in choosing the events being monitored as well as the
frequency of notifications. They can specify which conditions should be combined into a single email
message to minimize email clutter. This ensures that the most important projects provide immediate
change notices while less important projects can be combined and set to less frequent notification.
And the system can generate reports in plain text or HTML about its status and any changes.
In addition to supporting SMTP and MAPI for email notification, Livelink Change Agents is planned
to support TAPI/SAPI in future. This open architecture means that Livelink Change Agents can be
configured to notify users through media such as pagers, voice mail, faxes and cell phones. The
Change Agents feature is planned to be available, as part of a point upgrade to the product, in the
second quarter of 1997.
Bill Zoellick of CAPV, a leading consulting firm in document-based information systems, said "Open
Text's addition of Change Agents to their Livelink suite strengthens their position as the leading
innovator in intranet document systems. What is really exciting about this product is that it moves
beyond agent technology that simply looks at 'content.' The new Livelink feature is actually able to
monitor business 'processes.' This gets at the heart of the issue companies face when they move their
intranets beyond 'surfing' to become an integral part of their business."
"The management benefits for individuals and teams are enormous, as they get wired right in to the
nerve center of a team and organization and can respond quickly to both opportunities and
problems," said Tom Jenkins, President and CEO of Open Text Corporation. "With the first of these
Change Agents, which we'll be rolling out over the next few months, Open Text has created an
'interactive push' mechanism that provides precisely the information a team needs to accomplish its
key business objectives."
Open Text Corporation - recently recognized by International Data Corp. as the market leading
supplier of Web-enabled document management systems - is a leading provider of intranet
application software, tools and services that enable organizations to leverage the global reach and
openness of Internet technologies within a powerful, collaborative environment for communicating,
managing and working together. Specifically, Open Text's solutions are used by Global 2000
companies to find and manage information and documents, empower teams and drive critical
business processes. Open Text: "Putting the Web to work."
An IDC Report, 'Web-Based Electronic Document Management Year-End Market Review, 1996
(#B12915), which shows Open Text as having three times as many users as its nearest competitor,
can be purchased by contacting Cheryl Toffel at (800) 343 - 4952.
This news release may contain forward-looking statements relating to the future performance of
Open Text Corporation. Forward-looking statements, specifically those concerning future
performance, are subject to certain risks and uncertainties, and actual results may differ materially.
These risks and uncertainties are detailed from time to time in the company's filings with the
Securities and Exchange Commission (SEC), including the final prospectus for the company's initial
public offering of common stock in January 1996, and Form 10-Q for the quarter ended December
30, 1996.
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