Pacific Life Streamlines Collaboration and Document Sharing with OpenText Core

Leading U.S. Insurer Aims to Improve Collaboration and Business Processes with Document Sharing and Information Management in the Cloud

WATERLOO, Ontario, Jan. 30, 2018 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX, TSX: OTEX), the global leader in Enterprise Information Management (EIM), today announced that Pacific Life Insurance, a Fortune 500® company and insurance provider serving some of the largest United States (U.S.) companies as its clients, has selected OpenText™ Core to provide seamless internal and external document sharing, expanding collaboration capabilities in the cloud and outside the enterprise firewall. By integrating Core with OpenText Content Suite, Pacific Life has enabled a simplified and intuitive platform for content management and information sharing between employees and external partners.

"Serving our customers and employees in today's digital marketplace demands an efficient and secure system for storing, accessing and sharing information," said Riley McIntosh, Manager of Enterprise Content Management at Pacific Life. "After reviewing leading solutions, we chose OpenText Core as a secure, efficient SaaS solution that simplifies sharing content across our organization and that integrates directly with our existing OpenText content management solutions."

OpenText Core provides content sharing across and beyond the organization, eliminating the need for manual sharing and collaboration solutions via a multi-tenant, software as a service (SaaS) application. Working with Pacific Life to integrate Core with OpenText Content Suite allows the organization to interface into their current systems of record, manage all content in one place, and extend the capability to external file sharing. The addition of Core helps Pacific Life increase security, make content easier to manage, generate cost-savings in content and email storage, and provide significant productivity advantages, such as the ability to easily share request for proposals (RFPs) and insurance documents.

"The enterprise is currently in a state of change as it adjusts to a digitally-native workforce. Hybrid installations, those that combine new SaaS and cloud technology with existing content management systems, are the future of EIM," said Mark J. Barrenechea, Vice Chairman, CEO and CTO, OpenText. "By integrating cloud products like Core with existing and new technologies on-premises and in the cloud, Customers like Pacific Life are able to maximize existing investments and deliver a seamless solution for information management and content sharing for employees and customers."

In the digital economy, immediate access to information is critical to success. OpenText Core provides a solution for users to store, share, and collaborate on enterprise content, with the ability to access files from any computer and mobile device. OpenText Core enables an organizations IT function to maintain control and visibility over the access and sharing of business content, ensuring full compliance with security and compliance requirements.

Offering insurance since 1868, Pacific Life provides a wide range of insurance products, annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life is a leading U.S. insurance provider that counts more than half of the 100 largest U.S. companies as its clients.

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on-premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.

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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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