Leading Analyst Firm Validates OpenText as Leader in Growing Global Enterprise Fax Software and Services Markets
Recent Report by Davidson Consulting Highlights Compliance as Key Driver
for Continued Double-Digit Growth in Fax Services
WATERLOO, ON, Jan. 8, 2013 /PRNewswire/ – OpenText (NASDAQ: OTEX, TSX: OTC), a
leading provider of Enterprise Information Management (EIM) solutions, today announced that it was recently named the market leader in fax
services by analyst firm Davidson Consulting, a fax industry analyst
firm.
In its “Fax Service Markets, 2012-2017,” report, Davidson Consulting
assessed the major players in the industry and provided forecasts for
several aspects of the fax service industry including compliance, fax
servers versus fax services, fax machine connections, and fax over IP,
looking forward to 2016.
“Fax has proved much stickier than anyone would have expected several
years ago. Businesses find it an essential tool to comply with
regulatory mandates and use fax because their trading partners prefer
them to,” according to Peter Davidson, President of Davidson
Consulting.
According to the report, the fax market has grown 23.2 percent over the
past year, with an 18 percent compound annual growth rate (CAGR)
projected through 2016. The report positions OpenText as the clear
market leader in 2012, holding three times the market share of the next
closest competitor in both the large enterprise market segment and the
broadcast fax service market.
“The enterprise fax services market represents a significant growth
opportunity in EIM,” stated Gary Weiss, Senior Vice President of
OpenText’s Portfolio Group. “With the acquisition of the cloud-based
market leader EasyLink earlier this year, we have accelerated our
leadership in the fax services market and will continue building out
our leadership in fax software both on premises and in the OpenText
cloud.”
According to the report, OpenText leads the overall enterprise Internet
fax services market with more than 20 percent market share, nearly
twice the market share of the next closest competitor. The report
further validates the company’s leadership in this market, showing
OpenText with 40 percent market share in enterprise production fax, a
heavily compliance-driven subset of Internet fax services.
“Considering their current position and pace to date, OpenText will be
hard to beat in fax and document delivery. If they remain on target
with their current technology innovations, we expect them to remain
well ahead of the competition,” said Davidson.
As more and more businesses move their communications infrastructures to
the cloud, OpenText continues to enhance document distribution and
improve how companies use fax for secure information exchange.
To learn more about OpenText’s market-leading fax solutions, visit: http://faxsolutions.opentext.com/products.aspx
To read a summary or to purchase the full report from Davidson
Consulting, visit: http://davidsonconsultinginc.com/reports.html
Follow OpenText on Twitter @opentext and on Facebook at http://www.facebook.com/opentext.
About OpenText
OpenText provides Enterprise Information Management software that
enables companies of all sizes and industries to manage, secure and
leverage their unstructured business information, either in their data
center or in the cloud. Over 50,000 companies already use OpenText
solutions to unleash the power of their information. To learn more
about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.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.
Copyright ©2013 Open Text Corporation. OpenText is a trademark or
registered trademark of Open Text SA and/or Open Text ULC. The list of
trademarks is not exhaustive of other trademarks, registered
trademarks, product names, company names, brands and service names
mentioned herein are property of Open Text SA or other respective
owners. All rights reserved. For more information, visit: http://www.opentext.com/2/global/site-copyright.html_SKU.
SOURCE Open Text Corporation
