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On September 12, 2016 OpenText announced that it had signed a definitive agreement to acquire the ECD arm of Dell EMC, an acquisition that includes product lines such as InfoArchive, LEAP, and most notably the comprehensive and powerful Documentum line. OpenText is an Ontario, Canada-based leader in Enterprise Information Management (EIM). This acquisition will strengthen OpenText's product offerings as well as allow it to serve a broader complement of industries who depend on enterprise content management solutions to power their businesses. Under the terms of the agreement the software, services, and employees of the ECD division will integrate into OpenText.
OpenText is excited about its new prospects, saying “We are at the beginning of the Digital revolution where extreme connectivity, automation, and computing are converging. This acquisition further strengthens OpenText as a leader in Enterprise Information Management, enabling customers to capture their Digital future and transform into information-based businesses. We are very excited about the opportunities which ECD and Documentum bring, and I look forward to welcoming our new customers, employees, and partners to OpenText.” (Mark J. Barrenechea, OpenText CEO and CTO).
PaperFree continues its commitment to the enterprise content mangagement suites listed above and will remain a key OpenText partner in customizing and implementing these suites in the market.
About the Transaction:
- Purchase price of $1.62B (1)
- Purchase price is 2.7 times ECD FY15 revenue of $599M
- Targeting to onboard to the OpenText operating model within the first 12 months
- Targeting to be immediately accretive to earnings
- Expect the transaction to close within 90 to 120 days
- Subject to regulatory approvals and customary closing conditions
PaperFree recently attended the Long Beach Customer.Next event hosted by Dell EMC. The purpose of the event was to “provide insights, interaction and engaging dialogues on the future landscape of content management” and it was attended by dozens of enterprise content management customers and ECM partners. As part of the event, participants were treated to a series of informational sessions, labs, and networking opportunities that culminated in an end of day reception. PaperFree representatives were on hand to promote their products, with a focus on the InfoArchive application retirement platform and Captiva 7.5 upgrade services. This was PaperFree’s first year at Customer.Next – keep an eye out for them at events in the future!
Lexmark International has announced recent enhancements to their Kofax Mobile Capture Platform. These new enhancements, made with the increasing reliance on mobile data capture in mind, include a variety of new features:
- Lightweight, on-device OCR software that operates more efficiently than those of competitors
- Server-based OCR technology to enhance customer onboarding processes
- Kofax Mobile Credit & Debit Card Framework to easily capture payment data from credit card images
- Pre-built analytics and dashboards to give complete insight into mobile application use and engagement
In addtion, Lexmark also announced the integration of the Kofax Mobile Credit & Debit Card Framework into Kofax TotalAgility, which it says is the "first unified platform for developing and deploying smart process applications." In their press release, Reynolds C. Bish, vice president of Lexmark and president of Lexmark Enterprise Software said “Mobile is the preferred and primary channel of engagement for today’s customers. This mindset comes with high expectations for easy-to-use and frictionless experiences,Kofax Mobile Capture Platform enables organizations to deliver more engaging mobile apps and experiences to ‘meet customers where they are’ in the anywhere, anytime manner they’re accustomed. It bridges the gap between customer interactions and back-office systems, thereby improving customer service and accelerating transactions to drive revenue and increase customer loyalty.”
Learn more about the new announcement at Lexmark International Made Enhancements To Kofax Mobile Capture Platform or by visiting our Kofax SmartProcess page.
Today Dell/EMC announced that they have worked out the final details of moving EMC’s Enterprise Content Division (ECD) over to OpenText, a merger that has tallied $1.6 Billion. As one of EMC’s largest Certified Partners for the Enterprise Content Division (ECD), PaperFree is pleased with the decision today to align that division with OpenText moving forward. OpenText has made a significant investment in becoming a market leader in Enterprise Information Management and with this new acquisition their positon will only be that much greater. In addition, the commitment that Dell/EMC and OpenText will continue to build a strategic capacity will also benefit customers. To read more about the Dell/EMC and OpenText merger, please see OpenText Signs Definitive Agreement to Acquire Dell EMC's Enterprise Content Division, including Documentum.
Dell Inc. Tuesday said it received regulatory clearance from China and intends to complete its merger with EMC Corp. on Sept. 7. The $60 billion deal will be the largest technology merger ever. Approval from China’s Ministry of Commerce was the last remaining hurdle to the deal, which was approved by EMC shareholders on July 19. To learn more about the Dell EMC merger please visit Dell Technologies - The next great technology company. Created just for you.
Read more on "China Grants Clearance for Dell-EMC Merger" at the Wall Street Journal.
Old data is one of the most frustrating challenges businesses face when upgrading their systems – data that is incompatible with new systems and as a result must be maintained in antiquated, expensive systems. InfoArchive solves this headache by allowing old data to be converted to current standards and imported into your new content management system. Enterprises, such as BMO Harris Bank, have reported annual savings of up to $5M by converting their data with InfoArchive and ditching the old, dusty systems and expensive licensing fees they involve. To learn more about InfoArchive and how it can reduce your data management costs, visit the InfoArchive page or contact PaperFree today!
In a recent study conducted by data recovery specialist Kroll Ontrack over 800 IT professionals were surveyed about their use of tape backups. The survey, conducted in the UK, France, Germany, Poland, Italy, the US, Canada, and Australia, quereied participants on several major aspects of tape backup use:
- Cost of tape-based system and maintenance
- Quantity of tapes retained and their age
- Frequency of the need to access tape backups
- Number of redundant backup systems
The study found the following results:
- Tape storage hardware, maintenance, and staff costs are the three highest expenses for a tape-based backup system
- 81% of the respondents had fewer than 100 tapes retained
- 40% of the stored tapes are less than five years old, 48% are up to 10 years old, and 11% are more than 20 years old
- 49% of the respondents had two or three backup systems and 27% had only one
- 39% of the respondents reported that their backup system costs $10k to maintain annually, 6% up to $50k, and 5% up to $100,000.
However, the most notable findings of this study were that 37% of the respondents reported that they had backup tape formats that no longer had any function. In essence these companies, either by regulation or by choice, are maintaining tapes that they simply cannot make use of. Tape administrators were also frequently asked to access information on these tapes, on average 26.5 times a month for "needed but non-active data" (74%), internal investigations (16%), legal proceedings (7%), and mergers and acquisitions (3%). While most admins reported that they could quickly identify the data on a tape, a majority could not immediately identify information stored on tapes down to file level.
When Kroll Ontrack investigated the reports of admins not being able to readily identify data on tapes, they found that it was because it was too troublesome or time intensive to read the backups, and a portion simply did not have the infrastructure to do so. Other common responses included the prohibitive cost to maintain the needed infrastructure and/or the fact that tapes were damaged.
This report illustrates the usefulness of several of PaperFree's powerful Dell EMC products for content management and storage, namely InfoArchive and Documentum. InfoArchive is a utility that allows companies to convert their old data to new formats for easy inclusion into new technology, allowing for retirement of old software, methods, and hardware (such as tapes). Learn more about InfoArchive Application Retirement from PaperFree. In addition, Documentum is a powerful tool for companies to store their data - even old data - in a central repository for easy access by anyone with the proper credentials because data isn't just stored, it's cataloged, keyworded, and cross-linked. Documentum also reduces costs by eliminating the need for accessing physical backups and the labor and expertise required to do so. And, data is protected from damage or catastrophe within the Documentum system. These two powerful tools are vital for any organization that wants to more effectively streamline their process while saving money and time. Learn more about Documentum Enterprise Content Management from PaperFree.
August 8, 2016
DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Enterprise Content Management Market - Global Forecasts and Analysis to 2021" report to their offering.
The Enterprise Content Management (ECM) market size is estimated to grow from USD 28.10 billion in 2016 to USD 66.27 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.7% due to exponential data growth, increasing need to manage data in enterprises, high need for securing confidential data and protection against data loss, and increased traction for risk mitigation in content management.
In 2016, the e-discovery solution is expected to dominate the solution segment in the ECM market as it is the most sought after solution which helps the users to preserve electronic information which can be used as digital evidence in litigation issues, and which will also be vital in enhancing the security of the electronic documents and thereby ensuring efficiency of the organizational e-governance performance.
North America is expected to hold the largest market share of the ECM market in 2016 attributing to the large-scale investments in the implementation of ECM solutions due to growth in e-commerce applications and need for better control and visibility mechanisms. APAC is expected to have the highest growth rate during the forecast period due to the increasing technological adoption and wider demand among enterprises for ECM solutions to manage consistent data and induce control and visibility mechanisms in the region.
Companies Mentioned:
- Alfresco Software, Inc.
- EMC Corporation
- Hyland Software, Inc
- International Business Machines (IBM) Corporation
- Key Innovators
- Lexmark International, Inc
- Microsoft Corporation
- Newgen Software Technologies Ltd
- Opentext Corporation
- Oracle Corporation
- Xerox Corporation
Source: http://www.businesswire.com/news/home/20160808005742/en/
The City of Sacramento has chosen PaperFree to provide an enterprise AP Solution that will help to achieve significant improvement in operating efficency with the processing of invoices for all departments throughout their organization.
For the second time in five years, PaperFree has the honor of being named EMC's 2014 'Partner of the Year'. This was announced at EMC World. The award is given each year to an exceptional business partner who has achieved significant revenue contribution and has also been steadfast in providing customers with extraordinary excellence in customer service and overall performance.