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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Open Text Corp (USA)    OTC   CA6837151068

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Open Text Corp : OpenText Extends Lead in Mobile Enterprise Solutions with Exceed onDemand for iPad

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05/04/2012 | 05:11am CEST
Latest Mobility Offering Brings Touch-Friendly Secure Access to Enterprise Applications for Apple iPad Users

Waterloo, ON Exceed onDemand for Apple iPad tablets. The latest addition to the Exceed onDemand family of managed application access solutions provides iPad users with always-on collaborative access to their line-of-business UNIX applications, while offering organizations the security and management features of a true enterprise solution.

The iPad is quickly emerging as a standard business tool, driven by an increasingly mobile workforce. International Data Corp. (IDC) forecasts tablet shipments into consumer and commercial markets will reach 106.1 million in 2012.* Exceed onDemand for iPad features a touch-friendly interface that substitutes mouse interactions with intuitive gestures, allowing users to bring their UNIX data center along with them. Exceed onDemand is built on the Thin X Protocol , ensuring fast access to complex 2D and 3D line of business applications even on high-latency connections such as 3G, 4G or LTE cellular networks.

The new Exceed onDemand for iPad solution joins OpenText's broad portfolio of mobile technologies and solutions. OpenText offerings such as OpenText Everywhere and the OpenText Mobile Wave Platform enable enterprises to efficiently deliver enterprise content and information to employees' mobile devices, helping to significantly boost productivity. Enterprises can also use OpenText Web Experience Management technologies to deliver personalized Web content directly to mobile sites for customers on the go. Recently announced, OpenText Tempo provides document sharing and syncing across desktops, laptops and mobile devices, while OpenText Travel Receipt Management for SAP Solutions support mobile capture of receipts.

Mobility boosts productivity, collaboration

Designed with productivity and collaboration in mind, Exceed onDemand enables users to seamlessly transfer their active sessions between desktops and iPad devices. With virtual teams becoming the norm in the engineering world, the session sharing feature accelerates collaboration by allowing engineers to run virtual design meetings using Exceed onDemand and collaborate simultaneously on Apple iPad tablets and desktop computers, or to show designs on meeting room projectors.

By leveraging the Exceed onDemand infrastructure, Exceed onDemand for iPad offers organizations an enterprise-class line-of-business application access solution with robust security, strong authentication and end-to-end encryption. Centralized management of the Exceed onDemand infrastructure enables deployment of enterprise policies and allows organizations to comply with industry security standards and regulations.

"As a new generation of enterprise workers usher into the post-PC world, organizations need to bridge the gap between their critical line-of-business applications and these new devices." said Eugene Cherny, General Manager for Connectivity at OpenText. "Exceed onDemand for iPad allows them to offer a mobile, touch-friendly, collaborative solution to access UNIX applications, without sacrificing security or compliance."

Exceed onDemand for iPad is available immediately on the iTunes Store.

For more information, visit: http://connectivity.opentext.com/products/designed-for-apple-ipad.aspx

Follow OpenText on Twitter @opentext and on Facebook at http://www.facebook.com/opentext.

* Media Tablet Shipments Outpace Fourth Quarter Targets; Strong Demand for New iPad and Other Forthcoming Products Leads to Increase in 2012 Forecast, According to IDC http://www.idc.com/getdoc.jsp?containerId=prUS23371312

About OpenText
OpenText, a global ECM leader, helps organizations manage and gain the true value of their business content. OpenText brings two decades of expertise supporting 100 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, 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 © 2012 by OpenText Corporation. OPENTEXT and EXCEED ONDEMAND FOR IPAD are trademarks or registered trademarks of OpenText 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 OpenText Corporation or other respective owners.

For more information, please contact

Richard Maganini
OpenText
+1 847-961-0662
[email protected]

Stephanie Fazio
OpenText
+1 416-464-8414
[email protected]

Brian Edwards
McKenzie Worldwide
+1-503-577-4583
[email protected]

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Financials ($)
Sales 2017 2 285 M
EBIT 2017 724 M
Net income 2017 934 M
Debt 2017 2 069 M
Yield 2017 1,48%
P/E ratio 2017 7,91
P/E ratio 2018 28,20
EV / Sales 2017 4,64x
EV / Sales 2018 3,87x
Capitalization 8 535 M
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Average target price 37,4 $
Spread / Average Target 16%
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NameTitle
Mark J. Barrenechea Director, Chief Executive & Technology Officer
Paul Thomas Jenkins Chairman
John Marshall Doolittle Chief Financial & Accounting Officer
David Jamieson Chief Information Officer
Randy Fowlie Lead Independent Director
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