British Columbia Schools' Increasing Demand for Open Text's FirstClass Solution Leads to Agreement.TORONTO -- Province-wide Agreement to Offer Volume Pricing Discounts to BC Public School Districts Open Text(TM) Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :OTEX OTEX Open Text Corporation (stock symbol) OTEX Orientation Technico-Economique de l’Exploitation )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ), the leading independent provider of Enterprise Content Management (ECM (1) (Enterprise Change Management) See version control and configuration management. (2) (Error Correcting Mode) A Group 3 fax capability that can test for errors within a row of pixels and request retransmission. ) software, today announced that its FirstClass Division has entered into an agreement to provide standardized pricing to public school districts within British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . The special pricing was negotiated in response to growing demand for the FirstClass collaboration and communications solution among primary and secondary school districts in the province. The agreement provides an easier and more cost-effective way for customers to acquire the software. FirstClass entered into the agreement with the Educational Resource Acquisition Consortium (ERAC ERAC Enterprise Rent-A-Car ERAC Energy Rate Adjustment Clause ), an association of British Columbia public school districts and groups working together on software and video acquisition. ERAC staff, in conjunction with school district representatives on ERAC's Software Working Team, survey member districts for their software needs, establish priorities, evaluate options and negotiate prices and site licensing agreements. ERAC also guides districts in purchasing, distributing and implementing software. The agreement will provide all ERAC-member school districts in British Columbia List of school districts in British Columbia As of 2007 School District Main Office Region Communities Served School District 5 Southeast Kootenay Cranbrook Kootenays Cranbrook, Fernie, Sparwood with standardized pricing for FirstClass licenses, making the solution even more affordable to education communities large and small. "The ERAC software committee surveys its 56 member districts in British Columbia on an annual basis to determine their software priorities," said Mac Petrie, Executive Director, ERAC. "A growing number of school districts are using Open Text's FirstClass solution and ERAC was asked by districts to try to secure improved pricing. ERAC appreciates the support that it received from Open Text and the company's willingness to establish a pricing plan for British Columbia schools." Open Text's FirstClass delivers a platform independent, cost-effective and feature-rich software solution that enables school districts to create collaborative online learning communities that connect students, faculty, and administrators via any Internet-accessible device. FirstClass delivers a broad range of features including email, calendaring, instant messaging, collaboration and document sharing, web publishing and unified messaging. The solution is deployed in more than 2000 academic organizations and has more than eight million users worldwide. "We believe the trend toward province-wide agreements, such as this latest with ERAC, will continue to grow," said John Myers, General Manager of Open Text's FirstClass Division. "We are seeing a steady increase in both awareness and demand for FirstClass software that enables school districts to create collaborative online communities for enhanced learning. The province-wide agreements simply make sense for our customers as they pool the purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. of an entire province to make pre-approved solutions like FirstClass both readily available and cost-effective to all education districts." About Open Text Open Text(TM) is the leading independent provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended June 30, 2004. You should not place undue reliance upon any such forward-looking statements, which are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change. Copyright (C) 2005 by Open Text Corporation. FIRSTCLASS, LIVELINK and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, , Canada, the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners. Open Text Corporation (TSX:OTC) (NASDAQ:OTEX) |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion