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Enterprise Planning with Expanded Document Management Capabilities
2007-05-02 admin
SAP is reselling solutions from Open Text, announce the companies, thanks to a joint worldwide offering.
Based on Open Text's Livelink ECM solutions, SAP will resell applications marketed under the names "SAP Archiving by Open Text" and "SAP Document Access by Open Text."
The archiving and document access applications are targeted toward the financial services industry as well as public sector organizations, healthcare companies and other service organizations. SAP Archiving by Open Text incorporates the imaging, SAP data and document archiving components of Livelink ECM. It is a secure solution that stores data on optical media or disk storage with logical to physical archive management. SAP Document Access by Open Text incorporates the capabilities of the archiving solution and extends it with the ability to provide SAP applications with a process-oriented and application-spanning view of all business documents and data across SAP and non-SAP applications.
A Web browser-based interface also allows occasional users to retrieve content.
Open Text), reported unaudited financial results for its third quarter that March 31, 2007. Total revenue for the third quarter was $156.1 million, compared to
$100.9 million for the same period in the prior fiscal year. License revenue in the third quarter was $43.0 million, compared to $28.4 million for the same
period in the prior fiscal year. "We met our operating goals and generated strong cash flow. The Hummingbird integration is for the most part complete, and I continue to be
pleased with the positive response from our customers and the synergies we are realizing from our employees and products," said John Shackleton, President
and Chief Executive Officer of Open Text. "The Company plans to make an additional debt repayment of $30 million.
Planning for future lump sum debt repayments will be reviewed on a periodic basis," said Paul McFeeters, Chief Financial Officer of Open Text.
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