Ranks 6th in the World Among Tech Companies; Fortune's List of
100 Fastest-Growing Companies Based on Revenue Growth, Profitability
WATERLOO, ON, Aug. 27 /PRNewswire-FirstCall/ - Open Text (TM) Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Content Management (ECM), has earned a spot on Fortune's 2009 List of the 100 Fastest-Growing Companies(http://tinyurl.com/lre2cv), ranking 15th overall and 6th on the list's breakdown of fastest-growing tech companies.
Companies on the list, described by Fortune as 'the world's supercharged performers,' are ranked based on an analysis of profit and revenue growth rate and total return over a three-year period. To qualify, each company must be traded on a major U.S. stock exchange, have a minimum market capitalization of $250 million and have revenue of at least $50 million. Open Text realized a three-year profit increase of 132 percent and revenue growth of 27 percent for the same time period.
Open Text is the world's largest independent provider of ECM software. The world's largest corporations and government agencies depend on Open Text's solutions to manage a wide range of information -- documents, vital records, Web content, digital media and email - as well as related business processes and employee collaboration.
'We're proud to be included in Fortune's ranking,' said John Shackleton, President and Chief Executive Officer of Open Text. 'ECM has continued to grow as a strategic requirement in global organizations. We have worked over the last few years to build our global leadership in ECM and offer the latest solutions that help customers use the power of their content to improve their business.'
To view the entire list, visit http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2009/index.html.
About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 50 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts(TM) to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness.
