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Adding OpenText Tempo™ Box, Content Suite 10.5 Users Now Have a No Cost Option to Securely Share Content with All Colleagues, Partners and Customers through Their Existing ECM Platform
WATERLOO, Ontario, July 8, 2014 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced free enterprise file sharing and synchronization for OpenText Content Suite 10.5, a single information governance backbone for the enterprise. Content Suite 10.5 Platform customers will qualify for an unlimited number of OpenText Tempo™ Box users to enable secure and compliant file sharing across the entire organization as well as with partners and customers.
Employees using free, consumer-grade file sharing tools to exchange information, create data confidentiality and security risks, a lack of integration with their ECM repositories, data sovereignty and ownership concerns and legal and compliance risks. While a recent study from The Association for Information and Image Management (AIIM) found that 56% of organizations have banned consumer-grade file-share and sync services, it also found 71% of employees lack support from IT for external collaboration. OpenText Tempo Box offers an enterprise-grade, easy-to use, secure file sync and share solution for these organizations at no cost.
"Companies need a simple, integrated solution for employees that offers a level of governance to ensure corporate data is well protected," said Muhi Majzoub, senior vice president of engineering, OpenText. "While there are low-cost consumer options available, none offer the security and data control benefits of an enterprise solution. With Tempo Box, employees have the file sharing solution they want and companies have confidence that the enterprise remains protected with consistent governance."
Tempo Box will be available as part of the Content Suite 10.5 Platform, core of the OpenText Content Suite. Customers can access, share and synchronize enterprise information, while leveraging the latest smartphones and tablets. As previously announced, Tempo Box has also been made available to customers of OpenText Extended ECM for SAP 10.5. It will also be available for OpenText Extended ECM for Oracle 10.5.
Backed by OpenText ECM, Tempo Box's secure management for the enterprise allows organizations to:
"The enterprise file synchronization and sharing market is growing in size and significance as more organizations realize that they must provide these capabilities," wrote Monica Basso, Research Vice President and Jeffrey Mann, Research Vice President at Gartner in the April 1, 2014 report Destinations and Wraparounds Will Reshape the Enterprise File Synchronization and Sharing Market. "Astute vendors are evolving their strategies to sell as stand-alone destinations or wraparound extensions to existing products."
OpenText Content Suite is designed to reduce risk and mitigate the cost of growing volumes of content in the enterprise. Content Suite is part of OpenText's EIM strategy, which enables organizations to discover and manage information to spur growth and innovation across their organization, increasing time to competitive advantage. Consisting of five comprehensive and integrated product suites, OpenText's EIM strategy delivers a unified developer platform, engaging and consistent user experience and deep integration across suites to enable comprehensive information flows across the extended enterprise.
Tempo Box will be available to Content Suite 10.5 Platform users beginning July 8, 2014 in all currently available languages, and this will be extended to all users within the organization in the fall.
Learn more about OpenText EIM:
OpenText provides Enterprise Information Management software that helps companies of all sizes and industries to manage, secure and leverage their unstructured business information, either in their data center or in the cloud. Over 100,000 companies already use OpenText solutions to unleash the power of their information. To learn more about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.
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.
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