Opentext: the industry's IPO
Opentext, founded in 1991 with Canadian headquarters, has recently raised $100M after its IPO. It is a leading player in the Enterprise Content Management (ECM) industry.
The Open Text ECM Suite brings together the content management capabilities needed to manage different types of enterprise content, including business documents, vital records, Web content, digital assets (images, audio and video), email, forms and reports, along with collaborative tools for team and community projects and workspaces, forums, blogs, wikis, and real-time instant messaging and collaboration. The Open Text ECM Suite also provides business process management tools that are designed to enable organisations to build processes that connect their employees and content.
Newgen: the Indian benchmark owned by SAP
Newgen, founded in New Delhi in 1992, was awarded $7.65M in 2008 from HSBC Private Equity (Asia) y SAP ventures.
It has recently received $17.6M of IDG Ventures India and Ascent Capital Group. The company intends to expand its business in North America, focusing primarily on the healthcare, public administration and shared services hub sectors.
Latest trends in product development
Enterprise content management platforms have been around for some time, but several new development trends are fuelling the interest and usefulness of these tools:
- The processing of unstructured content through semantic analysis, which requires sectoral expertise and favours the development of verticals.
- The management of content from different information sources.
- The connection of ECM with other platforms such as process management and customer communication management.
- The development of new information visualisation tools that make it easier for the user to manage the tool and to draw conclusions and analysis.
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