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OpenText (TSX:OTEX) announces digitization plans

Technology
TSX:OTEX
26 September 2022 13:15 (EDT)

Source: OpenText Corporation

OpenText Corporation (OTEX) and beauty retail giant, ULTA Beauty, have announced their plans to discuss workforce digitization.

OpenText allows organizations to gain insight through market-leading information management solutions, and ULTA is the largest U.S. beauty retailer for cosmetics, fragrance, skincare products, hair care products, and salon services.

Mark J. Barrenechea, CEO & CTO at OpenText, commented,

“OpenText is a leader in automating and digitizing HR information processes to support the workforce of the future… We are thrilled to provide ULTA Beauty with a streamlined HR experience that assists in storage, uploading and access of all HR content and employee records, all while ensuring information is all stored securely in the cloud.”

The companies are preparing to discuss their strategy at the upcoming OpenText World 2022 conference.

Mike Savage, Vice President of Total Rewards and Human Resources Information Systems at ULTA, stated,

“With human resources playing a critical role in helping organizations navigate change, ULTA Beauty chose to employ OpenText to facilitate a seamless transition into digitization and automation of internal processes… Leveraging OpenText and its solutions makes it possible for ULTA Beauty to streamline our many internal processes, simplifying, reinforcing and strengthening our overall operations.”

At the conference, Barrenechea and Savage will open the event with a dialogue on how technology has helped businesses evolve along with the digital era.

OpenText Corporation (OTEX) is up 0.54 per cent and is trading at $37.03 per share as of 1:00 p.m. ET.


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