OpenText Expands Reach of Its Cloud-based Solutions Now Included in SAP® Cloud
for Travel Solution
WATERLOO, ON, May 13, 2013
OpenText Capture and Optical Character Recognition Services Now Featured in
SAP Cloud for Travel to Help Simplify and Increase Speed of Travel Expense
WATERLOO, ON, May 13, 2013 /PRNewswire/ - OpenText™ (NASDAQ: OTEX, TSX: OTC),
the global leader in Enterprise Information Management (EIM), today announced
that its powerful capture and optical character recognition (OCR) services are
now included in the SAP® Cloud for Travel solution (formerly known as SAP
Travel OnDemand), a cloud-based application for travel management. Further
strengthening the partnership between OpenText and SAP, the offering is
expected to make it easier for business travelers to file expense reports
using information scanned from receipts using scanners or mobile devices.
Delivering a mobile user experience designed for today's business traveler,
SAP Cloud for Travel is a subscription-based cloud solution that helps
customers manage expenses without any additional hardware or services. SAP
customers can now have cost-efficient access to proven OpenText Capture Center
technology, which is recognized as one of the leading multi-channel capture
solutions available today.
In what OpenText believes underscores the strength of its technology,
Forrester Research, Inc. ranked OpenText a leader in its report, "The
Forrester Wave: Multichannel Capture, Q3 2012." OpenText received the highest
possible scores in the OCR support, multichannel input, mobile capture, and
document classification categories, now available as a service in SAP Cloud
for Travel. In its evaluation, Forrester also recognizes OpenText as a leader
in the market.
"OpenText has been innovating alongside SAP for more than two decades to
provide customers with transformational technologies that can set them apart
from the competition," said Patrick Barnert, senior vice president, partners
and alliances at OpenText. "The new OpenText cloud-based service offering
within SAP Cloud for Travel is yet another step forward in our partnership,
reinforcing OpenText's commitment to empowering customers with EIM cloud
solutions. This and future cloud offerings are expected to further help ensure
organizations have flexible access to the EIM solutions they need to help
"OpenText's OCR technology greatly enhances the SAP Cloud for Travel
offering," said Tobias Dosch, senior vice president, Product Management Cloud,
SAP. "It helps to reduce costs and increase usability and efficiency of our
customers in the expense reporting process."
OpenText will be demonstrating its EIM solutions at the SAPPHIRE® NOW
conference, which will take place in Orlando, Fla., May 14 - 16. Attendees can
visit the OpenText booth 1025 to experience how OpenText and SAP solutions can
help empower customers to fully capitalize on the untapped value of their
unstructured data and help deliver solid business results.
At the event, SAP will officially recognize OpenText with a 2013 SAP Pinnacle
award as a Solution Extension Partner of the Year, making it the sixth
consecutive SAP Pinnacle award OpenText has received. These awards are
presented annually to the top SAP partners that have excelled in developing
and growing their partnership with SAP and driving customer success. Finalists
and winners are based on field recommendations, customer feedback and
performance indicators in the following four categories: co-innovation, market
expansion, service delivery and sustainability.
OpenText Capture and OpenText's Optical Character Recognition Services are
available immediately as part of the SAP Cloud for Travel solution.
To learn more about OpenText solutions for SAP software and EIM:
*View our recent press release announcing OpenText as the proud recipient
of its sixth consecutive SAP Pinnacle award
*Read the blog of Mark Barrenechea, OpenText's CEO
*Visit the OpenText EIM Resource Center to view the latest customer videos,
whitepapers and more
*Come meet with us in person at our upcoming OpenText EIM Days
*Follow OpenText on Twitter @opentext and on Facebook at
OpenText provides Enterprise Information Management software that enables
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 50,000 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. Copyright
©2013 Open Text Corporation. OpenText is a trademark or registered trademark
of Open Text SA and/or Open Text ULC. SAP, SAPPHIRE and all SAP logos are
trademarks or registered trademarks of SAP AG in Germany and several other
countries. 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 Open Text SA or other respective owners. All
rights reserved. For more information, visit:
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"estimate," "expect," "forecast," "intend," "may," "plan," "project,"
"predict," "should" and "will" and similar expressions as they relate to SAP
are intended to identify such forward-looking statements. SAP undertakes no
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forward-looking statements are subject to various risks and uncertainties that
could cause actual results to differ materially from expectations The factors
that could affect SAP's future financial results are discussed more fully in
SAP's filings with the U.S. Securities and Exchange Commission ("SEC"),
including SAP's most recent Annual Report on Form 20-F filed with the SEC.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates.
SOURCE Open Text Corporation
Ogilvy Public Relations for OpenText
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