WATERLOO, Ontario, March 27, 2024 /CNW/
-- OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information
company, and X12, the ANSI-accredited standards organization, today
announced the renewal of their commercial use partner license
agreement. This long-standing collaboration underscores OpenText'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 EVP, OpenText.
"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
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-tech, 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 OpenText'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 OpenText in advancing the
development of X12 standards and derivatives," said Cathy Sheppard, CEO 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, OpenText 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, OpenText 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 X12
X12, chartered by the American National Standards Institute
(ANSI) for more than 40 years, develops and maintains
business-to-business data exchange standards to drive business
processes globally. X12's diverse membership includes dedicated
technologists and business process experts in health care,
insurance, transportation, finance, government, supply chain, and
other industries. X12's consensus-building forum enables members to
meet regularly to develop syntax-neutral data exchange standards
collaboratively. With more than 320 published transaction sets,
1,400 data elements, and more than 40,000 codes available for use,
the body of X12's work can be used to conduct nearly every facet of
business-to-business operations. Learn more about X12 licensing at
x12.org/licensing.
About OpenText
OpenText, a global leader in information management, enables
organizations to gain insight through market-leading information
management solutions, powered by the OpenText Cloud. For more
information, visit www.opentext.com.
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SOURCE Open Text Corporation