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Technology Stocks : Open Text -- Ignore unavailable to you. Want to Upgrade?

To: Gary105 who wrote (834)	6/3/1998 10:58:00 AM
From: Skywatcher	Read Replies (1) \| Respond to of 1195

Gary, good timing my man! Glad to return at least a partial on the RADAF tip! In addition to the earnings, this is what I thought was particularly positive since at the start OTEXF was one of the first to search in other languages, as evidenced by Siemens being on board early... Jenkins added, ''With more than 50 percent of the BASIS user base in Europe and localized products in all major languages, this acquisition also enhances Open Text's European operations.'' The combined company has 570 employees, products in 12 languages and 82 VARS in 31 countries on six continents. chris

To: Gary105 who wrote (834)	6/3/1998 7:13:00 PM
From: Michael Pascoe	Read Replies (1) \| Respond to of 1195

From KMWorld Open Text acquires Information Dimensions (Wednesday, June 3, 1998, 5:13 PM) Open Text (Waterloo, Ontario) has acquired Information Dimensions (IDI, Dublin, OH) from Gores Technology Group (Los Angeles) for approximately $10 million. The combined company extends Open Text's worldwide installed base to 2.5 million users in 3,400 corporations. "Basically, this creates the 1,000 pound gorilla of the industry," said Tom Jenkins, CEO of Open Text. According to Jenkins, Open Text is excited about the acquisition for three reasons: It gives Open Text critical mass in the knowledge management/document management market, it adds useful technology including IDI's BASIS document management platform and browser-based integrated library system Techlib, and it increases Open Text's international presence. The combined company has 570 employees, products in 12 languages and 82 VARS in 31 countries. Bill Forquer, president of Information Dimensions, said, "The combination of Information Dimensions' strengths in enterprise knowledge library technology with Livelink's leadership in knowledge management offer customers the most comprehensive and robust enterprise knowledge management solution on the market. The integration of these two products provides a natural migration path for BASIS users." "This is a significant milestone for the document management industry," said Ian Campbell, director of collaborative and intranet computing, International Data Corporation. (Framingham, MA). "Our most recent study on enterprise document management shows that this acquisition brings together the market share leader in user installed base with the growth leader in new users. This is a powerful combination."