Mr. Muhi Majzoub reports

OPENTEXT STRENGTHENS X12 COLLABORATION TO ACCELERATE THE FUTURE OF SUPPLY CHAIN B2B DATA EXCHANGE

Open Text Corp. and X12, the ANSI-accredited (American National Standards Institute) standard organization, have renewed their commercial-use partner licence agreement. This long-standing collaboration underscores Open Text's commitment to and support for X12 standards across its expansive supply chain network.

"Electronic data interchange (EDI) is a critical foundation that supports how supply chains and businesses function today," stated Muhi Majzoub, chief product officer and executive vice-president, Open Text. "Working with X12 is more than just a collaboration; it's a testament to our joint dedication to continuous innovation and to laying the foundation for a more interconnected and efficient B2B [business-to-business] data exchange landscape for the future."

X12 standards play a crucial role in EDI, serving as the primary conduit for businesses across diverse industries, including retail, consumer goods, automotive, high technology, general manufacturing and insurance. These standards allow businesses to digitally share vital information seamlessly within and across their operations.

The integration of X12 standards within Open Text's business network solutions improves efficiency, accuracy, transparency and cost-effectiveness for its customers, contributing to a strengthened supply chain ecosystem.

"We are delighted to join forces with Open Text in advancing the development of X12 standards and derivatives," said Cathy Sheppard, chief executive officer of X12. "Together, we are not just shaping standards; we are fostering a future where technology supports and enhances global operations across the industries we serve."

With the world's largest business network, Open Text connects over 1.1 million trading partners, facilitating the exchange of more than 33 billion EDI transactions annually. As a trusted EDI partner offering robust solutions for seamless business document exchange, Open Text is proud to be formally recognized as an X12 licensing partner with a comprehensive long-term agreement that includes its customers from the past, present and future.

About Open Text Corp.

Open Text, a global leader in information management, enables organizations to gain insight through market-leading information management solutions, powered by the OpenText Cloud.