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Open Text acquires Information Dimensions, Inc., creates market share leader in enterprise document management: Open Text strengthens market position with addition of BASIS product family and 1.3 million-seat customer base

Press Release: Information Dimensions, Inc. [June 3, 1998]

Copyright (c) 1998 Information Dimensions, Inc.


WATERLOO, ONTARIO . June 3, 1998 . Open Text Corp. (NASDAQ:OTEXF) today announced the acquisition of Information Dimensions, Inc., of Dublin, Ohio from Gores Technology Group. Information Dimensions has annual sales of $20 million and 170 employees. This acquisition places Open Text in the market leadership position in worldwide enterprise document management with 42.7% market share according to a recent IDC report. {1}

"The purchase of Information Dimensions continues our strategy of rapid growth through well-thought-out acquisitions," said Tom Jenkins, chief executive officer of Open Text. "With Information Dimensions, we saw a unique opportunity to merge enterprise-level knowledge library technology into our flagship knowledge management application, Livelink Intranet."

This acquisition extends Open Text.s worldwide installed base to 2.5 million users in 3,400 corporations. Information Dimensions, with its BASIS family of products, has maintained the market leadership position in enterprise document management for more than ten years in Global 2000 companies. Customers include 3M, Alcatel, Boeing Corp., Canadian Broadcasting Corporation, Chrysler Corp., Dupont, Glaxo, L.Oreal, Merck, NASA, News International, Petro Canada, Saab Military, Shell, The World Bank and United Technologies to name a few.

Bill Forquer, president of Information Dimensions, said, "Open Text is a company known for leading the industry in innovation. The combination of Information Dimensions. strengths in enterprise knowledge library technology with Livelink.s leadership in knowledge management offer customers the most comprehensive and robust enterprise knowledge management solution on the market. The integration of these two products provides a natural evolution for BASIS applications."

"This is a significant milestone for the document management industry," said Ian Campbell, Director, Collaborative and Intranet Computing, International Data Corporation. "Our most recent study on enterprise document management shows that this acquisition brings together the market share leader in user installed base with the growth leader in new users. This is a powerful combination."

Jenkins added, "With more than 50 percent of the BASIS user base in Europe and localized products in all major languages, this acquisition also enhances Open Text.s European operations."

The combined company has 570 employees, products in 12 languages and 82 VARS in 31 countries on six continents.

About Information Dimensions and BASIS

BASIS is the original document management product that defined the industry segment. Information Dimensions (www.Information Dimensions.com) has been providing leading document and library management tools that set the international standard for innovation, service and support. BASIS has an installed base that includes leading Global 2000 companies and government organizations. More than 500 Information Dimensions customers have deployed BASIS on intranets. Information Dimensions' customer base spans virtually every industry that requires rigorous management of documents for business-critical purposes.

About Livelink

Livelink Intranet is a highly scalable, collaborative knowledge management application for intranets. Livelink's richly-featured enterprise document management, workflow, project collaboration and search engines are tightly integrated into an off-the-shelf application that is easily customized and extended to fill a broad range of information and knowledge management needs. Livelink servers are fully Web-based and open-architected to ensure very rapid deployment, requiring just a standard Web browser on users' desktops to access its full functionality. Livelink runs on Microsoft Windows NT and the leading UNIX platforms and supports most popular relational database management systems.

About Open Text Corporation

Open Text Corporation's software and services enable Global 2000 companies to leverage the global reach and openness of intranets, truly "Putting the Web to Work.". Open Text's dramatic growth has been fueled by the rapid market acceptance of its innovative collaborative knowledge management system, Livelink. The company has been named the growth leader by the Delphi Group and the market share leader by International Data Corporation. Further information about the company, its products and services, partners and customers can be found at http://www.opentext.com.

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View Citation
Publication Year:1998
Type of Material:Press Release
Language English
Issue:June 3, 1998
Publisher:Information Dimensions, Inc.
Place of Publication:Dublin, OH
Company: Information Dimensions, Inc.
Open Text Corporation
Gores Technology Group
OCLC
Products: BASIS Technical Library Systems
BASISplus
Subject: Mergers and acquisitions
Online access:http://www.informationdimensions.com/BASIS/hpage/all/news/DDW?W%3Ddoctype%3D%27news%27%20order%20by%20event_date%20descend%26M%3D4%26K%3Didi_opent%26R%3DY%26U%3D1
Record Number:6809
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00