WATERLOO, Ontario, Nov. 12, 2015 /PRNewswire/ -- OpenText(TM) (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced that Misumi Group, a global trader and manufacturer of mechanical and electrical components, has deployed OpenText's cloud-based B2B platform to create an innovative, global B2B solution to manage the sourcing, procurement and management of production materials.

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Headquartered in Tokyo, and with 18 manufacturing facilities across Asia, North America and Europe, the Misumi Group sells over 10 millions separate product lines to more than 170 thousand customers around the world. In addition, the company works with over 2000 partners to source both raw materials and finished components across its core operations. With a global reach, and both on-line and direct sales channels, Misumi Group can deliver customer orders within two days of an order.

In order to manage the scale and complexity of Misumi's operations, the company required a cloud-based B2B platform which could manage both the volume of customers, partners and suppliers, as well as the very different B2B standards and procedures they encountered around the world.

Misumi Group selected OpenText to provide a cloud-based B2B platform to manage both its domestic operations and to grow its presence in global markets. With OpenText's global Trading Grid, Misumi's global customers are given access to optimized purchasing and ordering processes, allowing Misumi to reduce both the time and cost of connecting with customer base.

The OpenText Trading Grid provides a number of benefits in addition to a robust, scalable and global way to trade and communicate with partners and customers. Being cloud-based, OpenText's B2B platform eliminates the need to manage the hardware, software and staff costs associated with B2B integration. It also ensures that a customers' supplier and customer networks, both domestic and global, are managed within a unified system, allowing for increased visibility across the supply-chain and significantly reducing maintenance, operational and capital costs.

By deploying the OpenText Trading Grid, Misumi Group have been able to focus on driving efficiencies and improvements across its business to deliver physical products in a Digital World.

OpenText Trading Grid, part of the OpenText Cloud, is a powerful B2B integration solution that offers integration technology for enterprises to connect to their business partners quickly, securely and efficiently. OpenText Trading Grid is highly scalable and can manage the digital business network for an entire multi-national B2B ecosystem or handle a smaller subset of selected projects, regions, or trading partner relationships. Part of the OpenText Cloud, OpenText Trading Grid allows companies to exchange documents using EDI, XML, fax, and email to automate procure-to-pay business processes. The OpenText cloud processes over 16 billion transactions per year for more than 600,000 businesses around the world.

About OpenText
 OpenText enables the digital world, creating a better way for organizations to work with information, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTC) visit opentext.com.

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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.

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SOURCE Open Text Corporation