OPENTEXT
90 % of Fortune 100 companies are OpenText customers going to the cloud is not just something that you do trivially – you have to perform the proper level of applications ’ analysis and remediation to do it successfully and costeffectively . If you don ' t do that , the cost can become astronomical .
“ The flip side of that is , for those applications that you do place in the cloud , the key is how do you make sure that you ' re maximising your capabilities to protect that data ?” Lloyd says . “ The more open you are to letting people have access to your systems , the higher the risk is of being compromised . As we continue to expand our footprints further out and allow anyone from any device , from anywhere , to have access to our data , having things like SASE , as well as enhanced abilities for AI and machine learning , to isolate any type of device in the environment that could be vulnerable is paramount .”
“ We are constantly looking to find ways to expand our product portfolio and increase our value capabilities to all of our customers ”
Growing by acquisition For OpenText , the future ' s looking bright , with more acquisitions on the horizon and busy times ahead .
“ I joined in September of 2021 , and in the first year I was here , we had four acquisitions ,” Lloyd says . “ Being busy is good . It ’ s also an opportunity where you can continue to refine your capabilities and skills .
“ When you buy a company , everyone is different . The requirements around integrating those companies – being able to successfully look at those environments and determine how we can quickly and effectively meld them into us , migrating them to our solutions and our platforms – really become something that you continue to get better at . sometimes they ' re smaller , sometimes they ' re larger , but each of them has their own nuances that you have to navigate .”
In August 2022 , OpenText announced it had agreed to acquire Micro Focus , one of the world ’ s largest software companies , in a deal worth US $ 6bn . And , with a target set by OpenText CEO Mark Barrenechea to double the size of the company in three to five years , there no doubt will be more acquisitions to come .
“ We grow by acquisition ,” concludes Lloyd . “ We are constantly looking to find ways to expand our product portfolio and to increase our capabilities of value to all of our customers , regardless of whether they be small to medium businesses or enterprises or governments . That is an ongoing march that we step to on a daily basis , and that ' s something that ' s going to continue for the foreseeable future .”
ANTHONY LLOYD VP OF TECHNOLOGY SERVICES , OPEN TEXT technologymagazine . com 41