Welcome to our dedicated page for Open Text news (Ticker: OTEX), a resource for investors and traders seeking the latest updates and insights on Open Text stock.
OpenText Corp (OTEX) specializes in enterprise information management solutions that integrate cloud technologies, AI, and cybersecurity innovations. This news hub provides investors and professionals with essential updates about the company's strategic initiatives and market position.
Access official press releases, earnings reports, and analysis of OpenText's developments in cloud platforms, data security enhancements, and strategic partnerships. Our curated collection helps stakeholders track regulatory compliance updates, product launches, and technology integrations critical to the EIM sector.
Discover updates across key operational areas including Content Cloud advancements, cybersecurity protocol updates, and business network expansions. The resource is regularly updated to reflect OpenText's role in enabling digital transformation through intelligent information management solutions.
Bookmark this page for streamlined access to verified OpenText announcements and industry analysis. Monitor how the company addresses evolving challenges in data governance, DevSecOps implementations, and global IT infrastructure demands.
OpenText (NASDAQ: OTEX) announced the 'Nastiest Malware of 2022', identifying key cyber threats like Emotet and the new triple extortion tactic employed by LockBit. There was an alarming 1100% increase in phishing incidents in early 2022 compared to the previous year, signaling a potential end to the 'hacker holiday'. The report emphasizes that no individual or business is safe from evolving malware threats, and organizations must adapt continuously to combat these risks.
On September 28, 2022, OpenText (NASDAQ: OTEX) and Solarity announced a strategic partnership to enhance healthcare data integration. The collaboration aims to streamline the transmission and analysis of clinical data through Solarity's intelligent automation platform and OpenText's digital fax solutions. This partnership will enable healthcare providers to improve clinical decision-making by automating data transmission to electronic health records (EHRs) efficiently. The integration is set for release by December 2022, promising to mitigate costs and improve patient outcomes.
OpenText (NASDAQ: OTEX) and ULTA Beauty discuss workforce digitization at OpenText World 2022. The partnership aims to streamline HR processes, utilizing OpenText Extended ECM for SAP SuccessFactors. ULTA Beauty's efforts in digitizing operations are essential for adapting to post-pandemic demands, enhancing internal processes, and ensuring secure storage of HR information in the cloud. The event will feature discussions led by Mark J. Barrenechea and Mike Savage, highlighting how technology facilitates business evolution.
OpenText (NASDAQ: OTEX) announced programming highlights for OpenText World 2022, the largest information management conference, taking place from October 4–6 at The Venetian Hotel, Las Vegas. Keynote speakers include CEO Mark J. Barrenechea and climber Alex Honnold. The event focuses on digital capabilities, hybrid work, and information security. It features over 50 sessions, covering topics like digital forensics and enterprise investigations. Registration is now open, showcasing OpenText's commitment to leading the conversation on information management and innovation.
Open Text Corporation (NASDAQ: OTEX) announced that all 11 director nominees were re-elected during its virtual Annual Meeting of Shareholders held on September 15, 2022. A total of 225,160,163 common shares, representing 83.45% of outstanding shares, were present or represented by proxy. Notable vote percentages included Mark J. Barrenechea receiving 97.91% of votes in favor while Deborah Weinstein garnered 83.65%. Further details regarding other voting matters are available in the Report of Voting Results filed on September 15, 2022.
OpenText (NASDAQ: OTEX) announced its ongoing commitment to providing advanced e-invoice compliance solutions to enhance international trade efficiency. Partnering with Staria, a leading financial administration services provider, OpenText enables businesses to automate invoicing processes while ensuring compliance with local regulations. Staria processes over 64,000 invoices monthly and aims for €60m in revenue, leveraging OpenText's scalable Business Network Cloud. This collaboration focuses on simplifying financial operations and improving cash flow for expanding enterprises.
OpenText has announced an agreement to acquire Micro Focus for $6.0 billion in an all-cash offer, priced at 532 pence per share. This acquisition is expected to create one of the largest software and cloud businesses, enhancing OpenText’s market presence with a combined total addressable market of $170 billion. Micro Focus, boasting $2.7 billion in pro forma revenue, will bring significant operating scale and anticipated synergies of $400 million. The deal is set to close in Q1 2023, enhancing OpenText's financial outlook and operational capabilities.
BigCart has partnered with OpenText to integrate electronic payment solutions into the OpenText Business Network, benefitting over 1.1 million trading partners. This collaboration aims to accelerate cash flow and reduce financing costs for small to medium-sized enterprises and middle-market suppliers. BigCart’s innovative solutions do not require buyer guarantees, enhancing accessibility for diverse businesses. OpenText's existing applications facilitate this process, supporting financial health within supply chains and strengthening supplier relationships, which may lead to improved business outcomes.
OpenText™ (NASDAQ: OTEX) announced the release of Cloud Editions 22.3 (CE 22.3) on August 4, 2022, as part of its Project Titanium initiative. This release enhances cloud-based solutions by integrating over 100 innovations to improve information management while ensuring security and compliance. Notable features include improved DNS Leak Prevention, new Key Mediator for encryption control, and enhancements in forensic investigation tools. CE 22.3 aims to empower businesses with better productivity, security, and customer insights, addressing the need for robust cloud solutions in a dynamic digital landscape.
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