Open Text Corporation (NASDAQ: OTEX, TSX: OTC), the preeminent provider of enterprise content management (ECM) software, today announced it has been positioned by Gartner, Inc. in the "Leaders" quadrant of the "Magic Quadrant for Web Content Management,"* based on an evaluation of the company's ability to execute and its completeness of vision.
The Gartner report helps CIOs, business and IT leaders who are analyzing their Web strategies to consider whether they have the right WCM offering to support their business goals. View the full report here.
The report paints a picture of a fast-growing, dynamic market, stating: "The WCM software market achieved total revenue of $890 million in 2009, despite recessions in many major economies, and will likely exceed $1 billion in 2010." Gartner also projects that "the market will see a compound annual growth rate of 14 percent from 2009 to 2014. These numbers reflect enterprises' increasing emphasis on the online channel and improving visitors' experience. This level of growth has also led WCM to comprise a greater proportion of the overall enterprise content management (ECM) market than ever. In 2010, WCM will account for over 26% of this market," the report notes."
"We believe our presence as a "Leader" in the Web Content Management quadrant by Gartner affirms our strategy and continued investment in this space. The success we are having in helping some of the world's top brands improve their customers' Web experience is evident in our placement in this report," said Lubor Ptacek, Vice President of Product Marketing at Open Text. "We continue to innovate and execute on our WCM roadmap as illustrated by the recent release of Web Site Management 10.1 and continued rollout of new capabilities and streamline integrations of Web Experience Management into the ECM Suite."
The world's largest provider of WCM solutions, Open Text meets the full range of customers' WCM needs – from easy-to-deploy, departmental applications to more complex dynamic highly scalable Web deployments - with Open Text Web Site Management and Open Text Web Experience Management (Vignette). Open Text will continue to add incremental features, integrations and innovative capabilities to both products to further strengthen Open Text's leadership position in the fast-growing WCM market.
For more information on Open Text Web Content Management solutions, go to: http://www.opentext.com/2/global/sol-tec-wcm.htm.