OpenText Named a Leader in IDC MarketScape for Multi-Enterprise Supply Chain Commerce Network for Second Consecutive Report – Yahoo Finance

OpenText recognized as a proven solution that manufacturers and retailers depend on
WATERLOO, ON, Oct. 20, 2021 /PRNewswire/ — OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named a Leader in the IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network (MESCCN) 2021 Vendor Assessment for the second time. The IDC MarketScape for MESCCN report evaluates multi-enterprise supply chain vendors success based on capability and business strategy.
According to the IDC MarketScape report, "As a proven vendor in the SCCN space, OpenText succeeds because of its scale, expertise, global reach, and focus on investment and growth. Manufacturers and retailers that depend on a proven solution and business partner to power their global supply chains and ensure business continuity select OpenText."
"Recent years have emphasized how critically important multi-enterprise supply chain commerce networks are to both the current and future supply chain," said Simon Ellis, program vice president at IDC. "OpenText Business Network combines managed services and cloud-based supply chain applications to facilitate efficient, secure, and compliant collaboration between people, systems, and things – providing a true foundation for establishing a future-proof digital backbone to support business growth and transformation initiatives."
The report specifically notes the following about OpenText:
Largest connected community with global scale and reach — over 1 million companies connected to its network that collectively process over 26 billion transactions per year, with a combined value of $9 trillion in commerce per year
Integration depth and breadth, from adapters and native support for SAP to one-to-one application mapping, a library of more than 5,000 canonical maps, API-based and web services integration, and much more
Over 200 API connectors for integration to internal business systems such as ERP, CRM, HCM, TMS, and WMS
Strategic partnership with SAP — Endorsed Business Solution (EBS) for managed services
Breadth of trading partner enablers, including intelligent capture to convert fax and emails into EDI/XML and embedded into Microsoft Office Excel
Self-service capabilities to ensure customers have flexibility and control over their SCCN services and trading partner information
Unique OpenText Identity and Access Management information security and collaboration
"The recent, and increasingly frequent, global supply chain disruptions have accelerated the need for companies to invest in integrated, cloud-based supply chain networks that provide greater flexibility in how companies manage operations," said Lou Blatt, Senior Vice President and Chief Marketing Officer at OpenText. "OpenText's Trading Grid environment delivers a unified integration platform that allows companies to digitize information flows across the internal and external business ecosystems."
"We needed to improve our EDI platform and supply chain network to more easily receive and transmit information with domestic and overseas trading partners, as well as minimize the need for manual intervention," said Eric Nelson, IT Director of Business Systems at Cree Lighting. "OpenText provides us with managed services from a trusted partner, so we can focus internal expertise on accelerating business automation, optimizing our resources, and reducing costs."
OpenText Business Network provides a cloud-based integration platform that helps manage the full data lifecycle, from information capture and exchange to integration and governance. Business Network solutions establish the necessary digital backbone for streamlined connectivity, secure collaboration and real-time business intelligence across an expanding network of internal systems, cloud applications, trading partner systems and connected devices.
Click here to download a complimentary excerpt copy of the report.
IDC, IDC MarketScape: Worldwide Multi-Enterprise Supply Chain Commerce Network (MESCCN) 2021 Vendor Assessment (doc # US48202217 , September 2021)
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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
Connect with us:
OpenText CEO Mark Barrenechea's blog
Twitter | LinkedIn
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. 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.
Copyright © 2021 OpenText. All rights reserved. OpenText is a trademark or registered trademark of OpenText. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of OpenText or other respective owners.
View original content to download multimedia:
SOURCE Open Text Corporation
It is doubtless a positive to see that the Yancoal Australia Ltd ( ASX:YAL ) share price has gained some 68% in the…
What happened Shares of IBM (NYSE: IBM) fell 9.5% on Thursday after the global technology company's third-quarter results came up short of investors' expectations. So what IBM's revenue inched up 0.
The 5.8%-yielding oil and gas stock's third-quarter numbers failed to impress the market, but investors don't have to worry.
Forget your inflation fears. Wood sees decades of big gains ahead.
Yahoo Finance's Dan Howley talks Intel's earnings.
Today's gains probably shouldn't be too surprising, however, coming as they do on the back of positive comments from the CEO of MJBiz, a cannabis industry news site, yesterday evening. Speaking at MJBizCon 2021 in Las Vegas, company CEO Chris Walsh predicted that whatever happens in Congress, 2022 will see at least four more states flip to recreational marijuana legalization — and perhaps as many as seven. Additionally, Walsh points out that Idaho and Nebraska are in line to legalize marijuana for medicinal purposes.
Snap dived late on weak revenue, hitting rivals. Intel sold off too. Donald Trump's social media SPAC merger partner surged.
Kapil Rathi, CrossTower Co-Founder and CEO,  joins Yahoo Finance Live to discuss the cryptocurrency space amid the launch of ProShares’ Bitcoin ETF.
Shares of Digital World Acquisition (NASDAQ:DWAC) soared 357% on Thursday after the special purpose acquisition company (SPAC) announced a deal to merge with Trump Media & Technology Group. Should it receive shareholder and regulatory approval, the merger would allow Trump Media & Technology Group to become a publicly traded company. Trump Media & Technology Group said it plans to launch a new social network to "create a rival to the liberal media consortium and fight back against the Big Tech companies of Silicon Valley, which have used their unilateral power to silence opposing voices in America."
Investors sent Intel stock further into the red as company executives outlined aggressive spending plans on a conference call with analysts. Intel stock (Nasdaq: INTC) was down at times more than 9% despite a mixed third quarter financial performance that saw the company beat expectations on earnings per share. The major sticking point appeared to be around a dip in gross margins that CEO Pat Gelsinger said would be down for two to three years while the company spends to get back to a leading edge product position.
Welcome to the public markets, hot dog chain Portillo's.
The company reported a strong third quarter. But investors have been burned in the past, and the stock remains in transaction limbo.
Shares of AT&T Inc (NYSE: T) are trading slightly higher—although volatile— following better-than-expected third-quarter financial results. What Happened: AT&T reported quarterly adjusted earnings of 87 cents per share, which beat the estimate of 78 cents per share. The company reported quarterly revenue of $39.92 billion, which beat the estimate of $39.14 billion. Related Link: AT&T Shares Gain After Q3 Earnings, HBO Strength, Robust Full Year Outlook Cramer's Take: 'I'm willing to say this is
Earlier today, Bitcoin (CRYPTO: BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world's top crypto exchange Binance. What Happened: According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a drop of 87% for the world's top cryptocurrency on the exchange according to cited market data. Popular Twitter trader Crypto Chase said "well done Binance U.S.
Chipmaker Intel late Thursday crushed Wall Street's earnings target for the third quarter. But Intel stock fell hard in extended trading.
The Dow Jones fell. A Donald Trump SPAC exploded on news he is launching a social media platform. Tesla stock neared a new buy point
Roblox Corp (NYSE: RBLX) shares are trading higher by 5.6% at $83.00. The stock spiked following a tweet from a Bloomberg report stating Google is lowering its cut from subscriptions on Google Play from 30% to 15%. Mark Gurman tweeted: "Google is lowering its cut from all subscriptions on Google Play to 15% from 30% — from day 1. The reduction previously only took effect on the first $1 million in revenue and for users who subscribed longer than a year. Change doesn't apply to in-app-purchases
Here's a quick hot take on why it makes sense for PayPal to buy Pinterest.
The growth stock's decline came after shares surged on Thursday following reports that PayPal (NASDAQ: PYPL) may have been considering buying Pinterest. Pinterest's decline on Thursday, therefore, likely reflects the stock cooling off as investors wonder whether the rumor will pan out or not. Furthermore, there are concerns that recent weakness in PayPal stock since the buyout rumor started spreading could threaten the deal.
Yahoo Finance's Dan Howley breaks down the numbers to know from IBM's Q3 earnings report.