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OpenText Recognized as a Leader in Four 2024 IDC MarketScape Reports

1. OpenText recognized as a Leader in four IDC MarketScape reports. 2. Experience Cloud optimizes customer journeys with data-driven insights. 3. Recognition validates OpenText's market leadership and innovation. 4. Customer communication solutions enhance engagement and eliminate friction.

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FAQ

Why Bullish?

This recognition could lead to increased sales and investor confidence, similar to past awards boosting market perception.

How important is it?

The IDC recognition highlights OpenText's competitive edge, likely benefiting OTEX stock performance.

Why Long Term?

Ongoing improvements in digital experience can positively influence financial performance over time.

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OpenText delivers seamless, personalized and secure digital experiences across its portfolio WATERLOO, ON, Jan. 24, 2025 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) has been recognized as a Leader in four 2024 IDC MarketScape reports solidifying the company's delivering against today's biggest industry challenges. The OpenText Experience Cloud suite of solutions, in which the evaluated solutions are inclusive of, is designed to help organizations optimize their customer journeys with actionable, data-driven insights, empower teams to create exceptional customer experiences and engage with customers through tailored, preference-based interactions. In this recently released set of reports, OpenText Communications, OpenText Fax and OpenText Digital Asset Management were reviewed. OpenText was named a Leader in the following: "We're honored by this significant recognition of our digital experience capabilities, which we believe reflect our long-held leadership position and our commitment to innovation and empowering organizations to build deeper connections with their customers," said Muhi Majzoub, EVP and Chief Product Officer at OpenText. "Through OpenText Experience Cloud, we're reshaping customer communications and experience, amid evolving and intensifying demands from today's market and consumers. We believe the IDC MarketScape's recognition again validates our leadership and the value our customers are getting from OpenText solutions to deliver optimized and relevant customer communications journeys." The OpenText Experience Cloud is built for modern customer experience leaders to meet the evolving needs of a digital-first world. It includes OpenText Digital Asset Management (Media Management), OpenText Communications (Exstream), OpenText Fax (RightFax) and more, empowering organizations to connect experiences, media, communications and data in one cohesive platform while simultaneously eliminating digital friction. Click here to download a complimentary excerpt from the report. Additional Resources: About IDC MarketScape: IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. About OpenText OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com. Connect with us: OpenText CEO Mark Barrenechea's blog Twitter | LinkedIn SOURCE Open Text Corporation

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