LEGALTECH(R) 2007, NEW YORK, Jan. 29 /PRNewswire-FirstCall/ - Open Text(TM) Corporation (NASDAQ:OTEX), the largest independent provider of enterprise content management (ECM) software and solutions, today announced its continued leadership and commitment to the global legal market. The Open Text legal solutions suite, including LegalKEY(R) practice support systems, has been designed to meet the specific risk management and compliance needs of law firms, professional services organizations and corporate legal departments. Open Text will be demonstrating its broad range of solutions beginning today at the 2007 LegalTech(R) conference held in New York City, at the Hilton New York, in the Gibson Suite and at booth # 112.
Sixty-five percent of the AmLaw 100 use Open Text's unique end-to-end compliance framework, including nine of the top ten global law firms. Open Text delivers this functionality from the most common interface for document creation and sharing today - Microsoft Outlook - offering attorneys simplified access to work product, conflicts research, records, email, docketing, and know-how systems.
The Open Text solutions portfolio for law firms includes Livelink ECM - eDOCS(TM) DM (formerly Hummingbird Enterprise DM) and LegalKEY(R) New Business Intake(TM), Conflicts Management(TM), Records Management(TM) and Critical Dates Management(TM) systems, all tailored specifically to the way that information flows and is used in law firms. The end-to-end compliance platform satisfies the most stringent requirements. Attorneys and support staff can focus on matter-centric tasks, while compliance tools centralize and automate governance processes to manage work product throughout the matter lifecycle.
For corporate legal departments, Open Text provides the technology and expertise to help organizations establish and enforce compliance, legal and policy requirements in business processes and across enterprise content in multiple systems. Open Text's records management and email management offerings, as well as Internal Controls, Litigation Management, Contract Management and other solutions, give corporate legal departments a powerful suite of capabilities to meet the full range of legal and regulatory requirements facing large organizations. Open Text's email management solutions offer the industry's most powerful platform for managing email as corporate records and addressing email e-discovery issues.
"Implementing a compliance infrastructure that extends throughout the matter lifecycle is a necessity for law firms today. There are many complex policy, process and technology decisions that every firm must consider when striving to proactively address risk management issues," said Andy Jurczyk, Chief Information Officer, Sonnenschein Nath & Rosenthal LLP. "LegalKEY records management, conflicts management and new business intake systems are second-to-none. Further, the LegalKEY team takes the time to consult with firms regarding best practices, and brings extensive knowledge stemming from decades in the legal market."
"The LegalKEY programmers, senior people and support staff really pay attention to their clients and listen to their needs. Product direction suggestions and new application ideas are gleaned from the entire client base," said John Kruse, Director of Records and Conflicts Administration at Cadwalader, Wickersham & Taft. "This provides a competitive edge for Open Text because all of its LegalKEY clients become beneficiaries of everyone's good ideas."
At Summit 2007, the worldwide user conference for Hummingbird customers and partners, Open Text will unveil a detailed product roadmap and share its vision of the Enterprise Content Management market. Attendees will have the opportunity to meet with the Open Text executive team and hear about the company's entire range of products and solutions. For a full agenda and other information on this important event to be held in Huntington Beach, California, February 11-14, please visit: http://events.hummingbird.com/summit/2007.
Open Text will also be holding Convergence V, the annual user conference for LegalKEY customers, to preview new offerings and the expanded portfolio of proactive compliance solutions for professional services firms. Customers will also have the opportunity to meet with key members of the Open Text Legal Solutions Group, attend informative sessions and panels, and network with their peers from around the world. Convergence V is being held May 6-9, at the Sonoma Mission Inn and Spa (http://www.fairmont.com/sonoma/) and promises to be an interactive and informative event. More details will be available in the coming weeks, including a link to the Convergence V website, where visitors will find a comprehensive agenda and details of early registration discounts.
"With regular customer consultations, we have gained an in-depth understanding of the challenges and opportunities facing our global users in their daily business," said Bill Forquer, Executive Vice President, Compliance Solutions Business at Open Text. "The Open Text legal solutions suite provides user-friendly systems that allow law firms and corporate legal departments to better manage their clients, practices and business while offering IT departments the tools to easily manage the infrastructure at the lowest total cost of ownership."
About Open Text
Open Text(TM) is the world's largest independent provider of Enterprise Content Management software. The Company's solutions manage information for all types of business, compliance and industry requirements in the world's largest companies, government agencies and professional service firms. Open Text supports approximately 46,000 customers and millions of users in 114 countries and 12 languages. For more information about Open Text, visit www.opentext.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act
This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K for the year ended June 30, 2006. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
Copyright (C) 2007 by Open Text Corporation. LIVELINK ECM and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.
Source: Open Text Corporation