____________________
Up Up and Away
Fortune Magazine Ranks Open Text 15th Among World's Fastest-Growing Companies
Ranks 6th in the World Among Tech Companies; Fortune's List of
100 Fastest-Growing Companies Based on Revenue Growth, Profitability
WATERLOO - Open Text (TM) Corporation has earned a spot on Fortune's 2009 List of the 100 Fastest-Growing Companies(http://tinyurl.com/lre2cv), ranking 15th overall and 6th on the list's breakdown of fastest-growing tech companies.
Companies on the list, described by Fortune as "the world's supercharged
performers," are ranked based on an analysis of profit and revenue growth rate
and total return over a three-year period. To qualify, each company must be
traded on a major U.S. stock exchange, have a minimum market capitalization of
$250 million and have revenue of at least $50 million. Open Text realized a
three-year profit increase of 132 percent and revenue growth of 27 percent for
the same time period.
Open Text is the world's largest independent provider of ECM software.
The world's largest corporations and government agencies depend on Open Text's
solutions to manage a wide range of information -- documents, vital records,
Web content, digital media and email - as well as related business processes
and employee collaboration.
"We're proud to be included in Fortune's ranking," said John Shackleton,
President and Chief Executive Officer of Open Text. "ECM has continued to grow
as a strategic requirement in global organizations. We have worked over the
last few years to build our global leadership in ECM and offer the latest
solutions that help customers use the power of their content to improve their
business."
To view the entire list, visit
http://money.cnn.com/magazines/fortune/fortunefastestgrowing/2009/index.html.
|