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Enter Symbol
or Name
USA
CA



Open Text Corp
Symbol OTC
Shares Issued 121,758,432
Close 2014-08-20 C$ 60.82
Market Cap C$ 7,405,347,834
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Open Text renews trading grid contract with ezTRADE

2014-08-21 02:01 ET - News Release

Ms. Ivy Lui reports

OPEN TEXT POWERS HONG KONG'S LEADING EDI PLATFORM

Open Text Corp.'s Open Text trading grid powers Hong Kong's leading EDI platform, ezTRADE. By providing regional enterprises access to the world's largest integration cloud, Open Text enables them to compete more effectively and execute any-to-any transactions on a global scale.

ezTRADE is an efficient and proven B2B e-commerce platform, which has close to 2,000 users in the Hong Kong and south China region. Its users span across industries, such as supermarkets, pharmaceuticals, food services and health care and include SME, large enterprise and government sectors. Currently, ezTRADE customers include Watson's Group, Dairy Farm Group, DKSH and the Hong Kong Hospital Authority.

GS1 Hong Kong is an industry-led organization committed to enhancing Hong Kong enterprises' competitiveness through the provision of global supply chain standards. Open Text, through its GXS acquisition, has been providing trading grid services to ezTRADE members since 2000 and has just renewed the existing contract with the company to continue its ezTRADE partnership.

"We are delighted to continue our partnership with Open Text to provide our members with a more efficient and enhanced ezTRADE platform," said Anna Lin, chief executive of GS1 Hong Kong. "With this partnership, I strongly believe that all the industry key stakeholders will be benefited collectively."

Now part of Open Text's information exchange portfolio of products, trading grid is the world's largest integration cloud. Built on Open Text trading grid, ezTRADE not only facilitates transactions seamlessly, but allows the use of integrated smart mobile devices for EDI document exchange processes to enable real-time event notifications, transaction status inquiries and visibility to analytics.

Ms. Lin continued: "In this Internet age, an efficient B2B e-commerce platform is essential to help businesses meet the ever changing needs of their customers. GS1 HK is committed to enabling our business partners to capture the infinite possibilities with this unique product code spanning the entire supply chain, and to facilitate our members to be more efficient and more competitive in the e-commerce world."

The Open Text information exchange suite facilitates efficient, secure and compliant exchange of information inside and outside of organizations. A comprehensive suite of products, information exchange offers messaging and B2B integration services on premise and through the cloud, such as secure mail, large file transfer, fax and EDI within a single platform, enabling any-to-any transactions. Information exchange is one pillar of Open Text's enterprise information management platform consisting of five comprehensive and integrated product suites, an engaging and consistent user experience, and deep integration across suites to enable CIOs to partner with all lines of business.

Quotes from ezTRADE users

"ezTRADE is a platform that we have relied on to connect with our suppliers since 1996. It streamlines our business processes by allowing us to transmit mission-critical commercial data efficiently to our suppliers' computer systems," said Wendy Lam, head of IT services, Wellcome.

"ezTRADE is an important building block in our supply chain management solution. It enables us to become more responsive to our customers' demands and manage inventory more efficiently," said Ada Wong, manager, IT applications, DKSH Hong Kong Ltd.

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