KineMatik provides automated Business
Process and Project Management Solutions integrated with
OpenText's Content Cloud business
WATERLOO, ON, Aug. 23,
2023 /CNW/ -- OpenText™ (NASDAQ: OTEX),
(TSX: OTEX) today announced the addition of automated Business
Process and Project Management Solutions to the OpenText Content
business through the acquisition of KineMatik.
Based in Cork, Ireland,
KineMatik provides workflow automation, Document Change Control,
Project Management and Electronic Lab Notebook (ELN) solutions
built on OpenText's Content Server.
KineMatik works with leading organizations -- in life science,
technology, finance, energy and other industries -- to create
success in their digital and content services transformation by
developing innovative and tailored automation solutions.
"Let me welcome KineMatik customers and employees to OpenText,
and we look forward to bringing the KineMatik solution to our
entire install base of content management customers," said OpenText
CEO & CTO Mark J.
Barrenechea. "KineMatik helps enterprise customers in
regulated industries meet the highest standards in business process
and project management, a key component in Information
Management."
The KineMatik purchase is not material to OpenText financial
results.
About OpenText
OpenText, The Information Company™, enables organizations to
gain insight through market leading information management
solutions, powered by OpenText Cloud Editions. For more information
about OpenText (NASDAQ: OTEX, TSX: OTEX), visit opentext.com.
Cautionary Statement Regarding Forward-Looking
Statements
Certain statements in this press release may contain words
considered forward-looking statements or information under
applicable securities laws. These statements are based on
OpenText's current expectations, estimates, forecasts and
projections about the operating environment, economies and markets
in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult
to predict, and the actual outcome may be materially different.
OpenText's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ
materially from the expectations set out herein. For additional
information with respect to risks and other factors which could
occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other securities filings with the SEC and other
securities regulators. Readers are cautioned not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. Unless otherwise required by applicable
securities laws, OpenText disclaims any intention or obligations to
update or revise any forward-looking statements, whether as a
result of new information, future events or
otherwise. Further, readers should note that we may announce
information using our website, press releases, securities law
filings, public conference calls, webcasts and the social media
channels identified on the Investors section of our website
(https://investors.opentext.com). Such social media channels may
include the Company's or our CEO's blog, Twitter account or
LinkedIn account. The information posted through such channels may
be material. Accordingly, readers should monitor such channels in
addition to our other forms of communication.
Copyright © 2023 OpenText. All Rights Reserved. Trademarks owned
by OpenText. One or more patents may cover this product(s). For
more information, please visit
https://www.opentext.com/patents.
OTEX-MNA
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SOURCE Open Text Corporation