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Gartner Inc. Rates Open Text 'Strong Positive' in Records Management
Demand for Records Management Driven by Increased Industry and Government Regulations, Impact of Legal Discovery Requirements
Open Text Corporation, an independent provider of Enterprise Content Management (ECM) software and solutions, today announced that analyst firm, Gartner Inc., has rated its records management products a "Strong Positive" in its "MarketScope for Records Management, 2007" report authored by research vice president, Kenneth Chin. Dated January 30, 2007, the study covers solutions from 11 companies. Open Text received a Strong Positive rating, which is the highest possible rating in this report.
According to the report, "Industry and government regulations have been early drivers for records management adoption, but discovery as well as risk mitigation are becoming more important drivers. While highly regulated industries, such as financial services, utilities and pharmaceuticals have always had records retention requirements, changes in government regulations, such as the U.S. Federal Rules of Civil Procedure, will have an impact on companies across the board as they realize the need to implement records management to address new electronic discovery requirements. This ruling may be the most significant to affect records management adoption since the U.S. Sarbanes-Oxley Act."
"We believe that Gartner’s recommendation that records management be considered an integral part of a content management infrastructure couldn't be more accurate in an age where litigation readiness has become a critical requirement for global companies," said Bill Forquer, Executive Vice President, Compliance Solutions Business at Open Text. "We are pleased with the rating we received for our records management products. Open Text’s records management solutions are among the industry’s most advanced and widely tested. Our customers are able to manage information in a compliant and transparent way, ensuring their business content is safe, searchable and readily accessible."
Open Text offers solutions that allow organizations to apply records management policies to content in multiple systems. The solutions can be integrated with Open Text’s content archiving and search capabilities to provide comprehensive, compliance-driven retention and disposition rules to content across the enterprise, and to support legal discovery.
Livelink ECM - Records Management and Livelink ECM - eDOCS RM are both certified for DOD 5015.2, Chapter 2 and Chapter 4, the United Kingdom’s TNA regulations and Australia’s VERS regulations. Livelink ECM - Records Management also has certified integration with SAP and Livelink ECM - Microsoft SharePoint Integration (for 2003 and 2007). With the recent acquisition of Hummingbird, Open Text now offers specialized records management functionality integrated into two vertical markets: LegalKEY, for the legal market, and Livelink ECM - eDOCS R/KYV for U.K. government organizations and agencies. 12.02.2007, Open Text Corporation
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