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Barron”s views Open Text future as hard to call

by | Jun 16, 2010

A report recently released by financial magazine Barron''s states that the company has struggled to assess the future of Open Text as competitors continue to develop new products.Financial magazine Barron”s recently announced that growing competition from companies like Microsoft and EMC may create some problems for Open Text despite a series of major announcements from the company in 2010.

Since Microsoft released SharePoint 2010 in May, it has received positive reviews from companies in several industries that have used it to create new applications and websites and to organize data with relative ease. Open Text”s ECM suite is still as strong as SharePoint, but the Microsoft product has turned enough heads to make serious changes to the ECM market.

"We believe Microsoft”s new product has new functionality that is effectively designed to be more competitive with Open Text. While SharePoint has typically been a lightweight front-end Collaboration/Portal offering that partnered with Open Text”s more robust back-end enterprise content management (ECM) platform," Barron”s wrote of Open Text and SharePoint.

EMC can also challenge Open Text as the company has made several advancements into cloud computing in recent months. It announced in May that it has shifted the focus of ECM suite Documentum to become the leader in the cloud. Fierce Content Management reported earlier this year that companies that refuse to move into the cloud will struggle to compete.ADNFCR-1861-ID-19840923-ADNFCR