OpenText Announces The OpenText Cloud
Closes EasyLink Transaction
WATERLOO, ON and NORCROSS, GA, July 2, 2012 /PRNewswire/ – Open Text
Corporation (OpenText) (NASDAQ: OTEX) (TSX: OTC) and EasyLink Services
International Corporation (EasyLink) (NASDAQ: ESIC) today announced the
completion of the merger of EasyLink with an indirect wholly-owned
subsidiary of OpenText. The merger was approved by the stockholders of
EasyLink at a special meeting held earlier today. As a result of the
merger, EasyLink became an indirect wholly-owned subsidiary of
OpenText.
The OpenText Cloud is immediately available worldwide. We now service
over 25,000 customers and 2 million end users for Infrastructure
Services, Social Enterprise Services, Process and Data Services and
SAAS-based Information Exchange; processing over 2 billion transactions
a year. Some of our customers include Institute of Public
Administration of Canada, USDA, Mizuno, Dell and La Poste. The OpenText
Cloud is based on combined capabilities from OpenText and EasyLink.
For more information, please visit: www.opentext.com/cloud
“The OpenText Cloud is a platform for Enterprise Information
Management. OpenText is the only vendor who can offer this complete
suite of capabilities in the cloud, from Enterprise Content Management
through Information Exchange,” said OpenText CEO, Mark J. Barrenechea.
“Furthermore, I welcome the EasyLink customers, partners and employees
to OpenText.”
As a result of the merger EasyLink’s common stock ceased trading on the
Nasdaq Capital Market at market close today and its shares will no
longer be listed. Stockholders who hold shares through a bank or broker
will not have to take any action to have their shares converted into
cash, since these conversions will be handled by the bank or broker.
Stockholders who hold certificates can surrender their certificates for
$7.25 per share in cash, without interest, through the paying agent for
the merger, American Stock Transfer & Trust Company. AST will be
sending out a letter of transmittal and instructions to registered
stockholders in the next several days regarding specific actions they
will need to take to surrender their shares for the merger
consideration. EasyLink’s stockholders of record should wait until
they receive the letter of transmittal before surrendering their share
certificates.
About OpenText
OpenText(TM) is the world’s largest independent provider of Enterprise
Content Management (ECM) software. The Company’s solutions manage
information for all types of business, compliance and industry
requirements in the world’s largest companies, government agencies and
professional service firms. OpenText supports approximately 46,000
customers and millions of users in 114 countries and 12 languages. For
more information about OpenText, visit www.opentext.com.
Copyright © 2012 by Open Text Corporation. “OPENTEXT”, “OPENTEXT
EVERYWHERE” and the “OPENTEXT ECM SUITE” are trademarks or registered
trademarks of Open Text Corporation in the United States of America,
Canada, the European Union and/or other countries. This list of
trademarks is not exhaustive. Other trademarks, registered trademarks,
product names, company names, brands and service names mentioned herein
are property of Open Text Corporation or other respective owners.
About EasyLink Services International Corporation
EasyLink Services International Corporation (EasyLink) (Nasdaq:ESIC),
headquartered in Norcross, GA, offers a comprehensive portfolio of “any
to any” business messaging and transaction services that can bridge the
most challenging technology gaps while creating significant cost
efficiencies across an organization. From Desktop Fax and Production
Messaging to EDI, Managed File Transfer, Document Capture and
Management, Secure Messaging and Notifications we help companies drive
costs out of their operations. With over two decades of servicing
customers around the globe, EasyLink has established a proven track
record for providing effective, reliable and secure communications. For
more information on EasyLink, visit www.easylink.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.
SOURCE Open Text Corporation
