Fortune Magazine Ranks Open Text 15th Among World’s Fastest-Growing Companies

When I joined Open Text in May '09, one of the key things that attracted me was their growth prospects. Recently those growth prospects were recognised with Open Text earning a spot on Fortune's 2009 list of the 100 Fastest-Growing Companies.

Interestingly, one of the comments of the article is whether the company's growth prospects will continue. If you spent a week with me meeting customers, you'd not question their potential for growth. Astutely, the company is increasing it's investment in the Asia-Pacific-Japan (APJ) markets that have the highest growth prospects.

From the press release:
Open Text ™ Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in Enterprise Content Management (ECM), has earned a spot on Fortune’s 2009 List of the 100 Fastest-Growing Companies, 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.”


Image by Ivan Petrov

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posted by Lee Gale @ 1:58 AM,

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