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OpenText Announces Chadwick Westlake to pursue CEO opportunity in Canadian banking sector
Prnewswire· 2025-07-09 12:30
Core Insights - OpenText Corporation reported strong preliminary revenue expectations for Q4 FY2025, estimating approximately US$1.31 billion [4] - Chadwick Westlake, the current CFO, will step down to become the President & CEO of EQB following the unexpected passing of its CEO [1][3] - Cosmin Balota, the SVP and Chief Accounting Officer, will serve as interim CFO until a long-term successor is found [2] Management Changes - Chadwick Westlake's departure is effective August 15, 2025, after the completion of OpenText's fiscal year-end reporting [1] - The company has initiated a search for a long-term CFO with the help of an executive search firm [2] - Mark J. Barrenechea, OpenText's CEO & CTO, expressed gratitude for Westlake's contributions and confidence in the finance team [3] Financial Performance - OpenText's preliminary revenue expectations for Q4 FY2025 are approximately US$1.31 billion, indicating strong performance [4][6] - The full financial results for Q4 FY2025 will be released after market close on August 7, 2025 [4] - An earnings call webcast is scheduled for August 8, 2025, to discuss the full Q4 results [5][7]
OpenText Appoints Kristen Ludgate to Board of Directors
Prnewswire· 2025-06-26 12:30
Core Insights - Open Text Corporation has appointed Kristen Ludgate to its board of directors, bringing extensive experience in global workforce and human resource strategies [1][2] - Ludgate previously served as Chief People Officer at HP Inc., where she played a key role in the company's transformation and talent management initiatives [1][2] - The board's commitment to refreshment is highlighted by the addition of five new directors with diverse skill sets over the past five years [2] Company Background - Open Text is recognized as the leading Information Management software and services company globally, offering a comprehensive suite of Business Clouds, Business AI, and Business Technology [4] - The company aims to assist organizations in solving complex global problems through its innovative solutions [4]
SAP positioned as the Leader in the 2025 SPARK Matrix: Digital Twin of an Organization Solution by QKS Group
GlobeNewswire News Room· 2025-06-02 11:09
Core Insights - QKS Group has recognized SAP as a Leader in the 2025 SPARK Matrix for Digital Twin of an Organization Solutions, highlighting its strong market position and capabilities in this domain [1][5]. Company Overview - SAP has established itself as a front-runner in the Digital Twin of an Organization space by integrating business structure, performance insights, and strategic alignment into a single digital model [4]. - The company has been acknowledged for its comprehensive technology that excels in both technology excellence and customer impact, receiving strong ratings in these areas [5]. Technology and Capabilities - SAP's Digital Twin of an Organization offerings allow enterprises to create a dynamic, real-time representation of their operations by integrating various business processes, systems, data, and strategies [3]. - The Business Technology Platform (BTP) enables organizations to simulate, monitor, and optimize business performance through contextual insights and end-to-end visibility, facilitating continuous improvement and informed transformation planning [3][4]. - Key features of SAP's DTO capabilities include automated process discovery, AI-powered insights, scenario modeling, and proactive risk management, which enhance operational clarity and cross-functional alignment [3][4]. Strategic Focus - SAP aims to empower customers to view transformation as an ongoing capability rather than a one-time project, allowing decision-makers to simulate different process scenarios and assess the impact of various technologies before implementation [4]. - The company's cloud-first design ensures adaptability and integration across diverse enterprise landscapes, supporting stakeholders in refining operations and making informed decisions [4]. Recognition and Commitment - Being recognized as a Leader in the SPARK Matrix for five consecutive years reflects SAP's commitment to innovation and customer satisfaction, reinforcing the value of its approach to digital transformation [4].
Angles for SAP from insightsoftware Now Supports SAP Business Technology Platform (BTP) to Remove IT Blockers and Simplify Data Access
GlobeNewswire News Room· 2025-05-19 14:06
Core Insights - insightsoftware announced the full integration of its Angles for SAP solution with SAP Business Technology Platform (BTP), enhancing data access and reporting capabilities for supply chain and operations teams [1][2] - The integration supports a hybrid cloud approach, which 90% of organizations plan to adopt by 2027, emphasizing the need for clean and context-aware data [2] - Angles for SAP provides advanced analytics and reporting without the need to rebuild data models, driving efficiency gains and improvements in operational metrics [3] Company Overview - insightsoftware is a global provider of solutions for the Office of the CFO, focusing on transforming financial data into actionable insights for better decision-making [4] - The company emphasizes the importance of accessible financial data in developing actionable business strategies, with solutions spanning financial planning, accounting, and operations [4] Product Features - Angles for SAP enhances SAP investments by offering advanced analytics, prebuilt semantic models, and AI-driven insights, all deployable through SAP BTP [3] - Customers using Angles for SAP have reported significant operational improvements, including up to 50% efficiency gains, 16% reductions in stock levels, and 20% improvements in production efficiency [3]
Aleran Software's Digital Commerce Platform Is Certified by SAP as Built with SAP Business Technology Platform
GlobeNewswire News Room· 2025-05-15 18:06
Core Insights - Aleran Software's digital commerce platform has been certified by SAP as built with SAP Business Technology Platform (SAP BTP), enhancing its capabilities for the Intelligent Enterprise [1][6] - The platform is designed to assist mid-market B2B manufacturers, wholesalers, and distributors in managing omni-channel sales and commerce efficiently [3][7] Company Overview - Aleran Software provides a comprehensive commerce platform tailored for discrete manufacturing, industrial distribution, and wholesale sectors, enabling seamless integration with core business technologies like ERP, CRM, and WMS [7] - The platform simplifies complex product configuration and pricing, offering features such as customer portals, B2B eCommerce, and AI-powered catalog embedded buying [3][7] Key Features and Benefits - Aleran's platform includes automated configuration, order, quote management, and pricing functionalities aimed at accelerating the sales process [4] - The introduction of an AI Sales Agent and catalog-embedded buying has led to significant improvements in customer experience [5] - A global industrial manufacturing company reported a 20% increase in average customer spend and over 50% reduction in sales operations costs after implementing Aleran's platform [5] Integration with SAP - The certification from SAP Integration and Certification Center confirms that Aleran's platform extends the capabilities of SAP S/4HANA, facilitating tailored B2B e-commerce features [6] - SAP BTP enables companies to connect and integrate their business processes and data with SAP and third-party applications, supporting informed decision-making [6]
OpenText to Report Third Quarter Fiscal Year 2025 Financial Results on Wednesday, April 30, 2025 and to Host Conference Call Thursday, May 1, 2025
Prnewswire· 2025-04-09 13:00
Core Insights - OpenText Corporation will release its financial results for the third quarter of fiscal year 2025 on April 30, 2025, after market close [1] - The earnings call webcast will be hosted by CEO & CTO Mark J. Barrenechea and EVP & CFO Chadwick Westlake on May 1, 2025, at 8:30 a.m. ET [2] Company Overview - OpenText is recognized as the leading Information Management software and services company globally, providing solutions to complex global problems through a suite of Business Clouds, Business AI, and Business Technology [2]