• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    OpenText and Ponemon Institute Survey of CIOs Finds Lack of Information Readiness Threatens AI Success

    8/27/25 9:00:00 AM ET
    $OTEX
    EDP Services
    Technology
    Get the next $OTEX alert in real time by email

    New research of almost 1,900 CIOs, CISOs, and other IT leaders shows they are under pressure to ensure sensitive information is secure and compliant without hindering growth

    WATERLOO, ON, Aug. 27, 2025 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX) (TSX:OTEX) today released a new global report, "The Challenges to Ensuring Information Is Secure, Compliant and Ready for AI," revealing that while enterprise IT leaders recognize the transformative potential of AI, a gap in information readiness is causing their organizations to struggle in securing, governing, and aligning AI initiatives across business.

    OpenText (PRNewsfoto/Open Text Corporation)

    Developed in partnership with the Ponemon Institute -- a leading, independent research firm focused on information security and privacy management -- the study revealed almost three-quarters (73%) of CIOs, CISOs, and other IT leaders believe reducing information complexity is key to AI readiness.

    "This research confirms what we're hearing from CIOs every day. AI is mission-critical, but most organizations aren't ready to support it," said Shannon Bell, Chief Digital Officer, OpenText. "Without trusted, well-governed information, AI can't deliver on its promise. At OpenText, we're helping IT and security leaders close that gap by simplifying information complexity, strengthening governance, and ensuring the right information is secure and actionable across the enterprise."

    Information Readiness Is the Missing Link in AI Success

    While AI is a high priority, the research underscores a key gap, that most organizations lack the information readiness to deploy AI securely or effectively. The report also found that while IT and security leaders remain confident in the ROI of AI, it is difficult to adopt, secure, and govern.

    As this gap widens, information management is becoming the connective tissue between enabling innovation and maintaining trust. OpenText helps close that gap, by equipping leaders with the tools to simplify complexity, confidently govern data, and operationalize AI responsibly.

    • Information complexity impedes readiness: 73% say reducing complexity is essential (23%), very important (23%) and important (27%) for a strong security posture, with unstructured data (44%) among the top contributors to complexity.



    • Data governance is the first line of defense: To address data security risks in AI, nearly half (46%) of respondents say they are developing a data security program and practice.



    • Confidence is lagging: Just 43% are very or highly confident in their ability to measure ROI on securing and managing information assets.

    The AI Paradox: High Confidence in ROI, Low Readiness in Execution

    Leaders are optimistic about the value AI can deliver, but readiness is low. Many organizations still lack the security, governance, and alignment needed to deploy AI responsibly.

    • 57% of respondents rate AI adoption as a top priority, and 54% are confident they can demonstrate ROI from AI initiatives. However, 53% say it is "very difficult" or "extremely difficult" to reduce AI security and legal risks.



    • Fewer than half (47%) say IT and security goals are aligned with those driving AI strategy, even though 50% of respondents say their organizations have hired or are considering hiring a chief AI officer or a chief digital officer to lead AI strategy.



    • GenAI is gaining traction, with 32% having adopted it, and another 26% planning to in the next six months. Top GenAI use cases include security operations (39%), employee productivity (36%), and software development (34%).



    • Yet only 19% of organizations have adopted agentic AI and 16% will adopt it in the next six months. Just 31% of those rate agentic AI as highly important to their business strategy.

    Improving Information and AI Readiness

    The research also revealed best practices for achieving AI readiness based on responses from the organizations that have invested in AI. These include:

    • Protect sensitive data exposure: Organizations should know where sensitive data resides, who can access it, and how it is used. Strong access controls, clear data classification policies and anomaly detection tools can help reduce exposure.



    • Implement responsible AI practices: A comprehensive approach includes data cleansing and governance, validating AI inputs and outputs, employee training, and regular model bias checks to ensure AI is used safely and ethically.



    • Strengthen encryption: Encryption should be applied to data in storage, transit and during AI processing. This ensures that sensitive information remains protected throughout the AI lifecycle.

    The full report also reveals additional pressures from insider risk, proving ROI of AI and IT investments, and managing security complexity.

    Survey Methodology

    The Ponemon Institute independently surveyed 1,896 senior IT and security leaders across North America, the United Kingdom, France, Germany, Australia, and India. The study captured input from organizations of varying sizes and industries, including financial services, healthcare, technology, and manufacturing. The research was conducted in May 2025. Respondents included CIOs, CISOs, IT and cybersecurity executives, and decision-makers responsible for AI and security strategy.

    Additional Resources

    • Read the full report for more on broader AI and IT priorities, security trends, and investments: Click here

    About OpenText 

    OpenText™ is a leading Cloud and AI company that provides organizations around the world with a comprehensive suite of Business AI, Business Clouds, and Business Technology. We help organizations grow, innovate, become more efficient and effective, and do so in a trusted and secure way – through Information Management. For more information about OpenText (NASDAQ/TSX:OTEX), please visit us at www.opentext.com.  

    Connect with us:

    OpenText Thought Leadership

    Twitter | LinkedIn

    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. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

    Copyright © 2025 OpenText. All Rights Reserved. Trademarks owned by OpenText. One or more patents may cover this product(s). For more information, please visit https://www.opentext.com/patents.

    OTEX-G

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/opentext-and-ponemon-institute-survey-of-cios-finds-lack-of-information-readiness-threatens-ai-success-302539676.html

    SOURCE Open Text Corporation

    Get the next $OTEX alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $OTEX

    DatePrice TargetRatingAnalyst
    9/15/2025$45.00Sector Perform → Outperform
    National Bank Financial
    8/12/2025$33.00Buy → Hold
    Jefferies
    12/17/2024$32.00Neutral
    UBS
    11/1/2024$45.00 → $33.00Outperform → Sector Perform
    RBC Capital Mkts
    8/2/2024Outperform → Sector Perform
    National Bank Financial
    5/3/2024$50.00 → $38.00Outperform → Market Perform
    BMO Capital Markets
    2/27/2024$45.00Buy
    Jefferies
    3/22/2023$41.00Equal Weight
    Barclays
    More analyst ratings

    $OTEX
    SEC Filings

    View All

    Amendment: SEC Form SCHEDULE 13G/A filed by Open Text Corporation

    SCHEDULE 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/7/25 5:36:56 PM ET
    $OTEX
    EDP Services
    Technology

    Open Text Corporation filed SEC Form 8-K: Leadership Update, Other Events

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    10/6/25 5:08:02 PM ET
    $OTEX
    EDP Services
    Technology

    Open Text Corporation filed SEC Form 8-K: Leadership Update

    8-K - OPEN TEXT CORP (0001002638) (Filer)

    10/1/25 4:29:56 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Open Text upgraded by National Bank Financial with a new price target

    National Bank Financial upgraded Open Text from Sector Perform to Outperform and set a new price target of $45.00

    9/15/25 8:01:48 AM ET
    $OTEX
    EDP Services
    Technology

    Open Text downgraded by Jefferies with a new price target

    Jefferies downgraded Open Text from Buy to Hold and set a new price target of $33.00

    8/12/25 7:56:21 AM ET
    $OTEX
    EDP Services
    Technology

    UBS initiated coverage on Open Text with a new price target

    UBS initiated coverage of Open Text with a rating of Neutral and set a new price target of $32.00

    12/17/24 8:15:27 AM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 3: New insider Open Text Corp claimed ownership of 1,000 shares

    3 - OPEN TEXT CORP (0001002638) (Reporting)

    12/23/21 4:05:16 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    OpenText to Report First Quarter Fiscal Year 2026 Financial Results on Wed, November 5, 2025 and Host Conference Call on Thurs, November 6, 2025

    WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its first quarter fiscal year 2026 will be released after the close of market Wednesday, November 5, 2025. The earnings call will be hosted the following morning by OpenText Executive Chair & Chief Strategy Officer Tom Jenkins, Interim Chief Executive Officer James McGourlay and Executive Vice President & Chief Financial Officer Steve Rai, with Cosmin Balota, Senior Vice President & Chief Accounting Officer. The webcast will be accessible via t

    10/8/25 5:28:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Expands Availability of Core Threat Detection and Response with Deep Microsoft Integrations

    AI-Powered Threat Detection and Response Now Seamlessly Integrated with Microsoft Defender, Entra ID, and Security Copilot WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- OpenText™ (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced new innovations within OpenText™ Core Threat Detection and Response, an AI-powered cybersecurity solution deeply integrated with Microsoft Defender for Endpoint, Microsoft Entra ID and Microsoft Copilot for Security. The joint solution helps security teams detect, investigate, and respond to threats faster while cutting alert noise.

    10/8/25 9:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints George Schindler to Board of Directors

    WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.

    10/6/25 5:00:00 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Leadership Updates

    Live Leadership Updates

    View All

    OpenText Appoints George Schindler to Board of Directors

    WATERLOO, ON, Oct. 6, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), today announced the appointment of George Schindler to its board of directors. Mr. Schindler previously served as President and Chief Executive Officer of CGI Inc. ("CGI") from 2016 to 2024 and currently serves as a member of the board of directors of CGI. In his capacity as President and Chief Executive Officer, he led the development and implementation of CGI's profitable growth strategy to strengthen its market position as one of the world's leading global business and strategic IT consulting services firms.

    10/6/25 5:00:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Appoints Steve Rai EVP, Chief Financial Officer

    WATERLOO, ON, Oct. 1, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced Steve Rai as Executive Vice President, Chief Financial Officer, effective October 6, 2025.  Mr. Rai brings over 30 years of global finance experience and a proven track record as a technology industry veteran. He has built a reputation for strong leadership, integrity, and deep operational expertise across both high-growth environments and established global enterprises. Mr. Rai most recently served as Chief Financ

    10/1/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Announces Leadership Transition

    Appoints 25-Year OpenText Veteran James McGourlay as Interim Chief Executive Officer Board of Directors Establishes Executive Committee and Commences CEO Search Company to Continue to Explore Portfolio-Shaping Opportunities to Enhance Focus WATERLOO, ON, Aug. 11, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX) (TSX:OTEX) ("OpenText" or the "Company") today announced the appointment of James McGourlay, currently Executive Vice President, International Sales at OpenText, as Interim Chief Executive Officer, effective immediately. Mr. McGourlay has been with the Company for more than 25 years and has held senior roles in sales, customer operations, IT, technical support, product support

    8/11/25 7:00:00 AM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:45:34 AM ET
    $OTEX
    EDP Services
    Technology

    Amendment: SEC Form SC 13G/A filed by Open Text Corporation

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    10/10/24 10:44:11 AM ET
    $OTEX
    EDP Services
    Technology

    SEC Form SC 13G/A filed by Open Text Corporation (Amendment)

    SC 13G/A - OPEN TEXT CORP (0001002638) (Subject)

    2/14/24 4:15:39 PM ET
    $OTEX
    EDP Services
    Technology

    $OTEX
    Financials

    Live finance-specific insights

    View All

    OpenText to Report First Quarter Fiscal Year 2026 Financial Results on Wed, November 5, 2025 and Host Conference Call on Thurs, November 6, 2025

    WATERLOO, ON, Oct. 8, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), announced today that financial results for its first quarter fiscal year 2026 will be released after the close of market Wednesday, November 5, 2025. The earnings call will be hosted the following morning by OpenText Executive Chair & Chief Strategy Officer Tom Jenkins, Interim Chief Executive Officer James McGourlay and Executive Vice President & Chief Financial Officer Steve Rai, with Cosmin Balota, Senior Vice President & Chief Accounting Officer. The webcast will be accessible via t

    10/8/25 5:28:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText to Strategically Divest Non-Core Unit for US$163 Million

    Transaction accelerates announced strategy of divesting non-core businesses WATERLOO, ON, Oct. 2, 2025 /PRNewswire/ -- Open Text Corporation (NASDAQ:OTEX), (TSX:OTEX), a global leader in secure information management for AI, today announced that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash. The business to be divested is part of OpenText's Analytics product group, primarily focused on automating the work of legal professionals, and contributed approximately $30 mil

    10/2/25 5:45:00 PM ET
    $OTEX
    EDP Services
    Technology

    OpenText Reports Fourth Quarter and Fiscal Year 2025 Financial Results

    $1.86B of Cloud Revenues, 2.0% Y/Y growth Announces 5% increase of dividend New $300 million share repurchase program Fiscal 2025 Annual Highlights Y/Y (in millions)(1) Total Revenues Cloud Revenues Profitability EPS Cash Flows Net Income A-EBITDA GAAP Non-GAAP Operating Free Cash Flows $5,168 $1,856 $436 $1,784 $1.65 $3.82 $831 $687 -10.4% Y/Y 2.0% Y/Y 8.4% margin 34.5% margin -3.5% Y/Y -8.4% Y/Y -14.2% Y/Y -15.0% Y/Y   "OpenText had a strong Q4 and our cloud business is accelerating. Cloud bookings growth surged to 32%, driven by demand for our new AI-driven Titanium X platform. For the full Fiscal 2025, we delivered 13% total cloud RPO growth, 2.0% cloud revenue growth, an overall Adj EBI

    8/7/25 4:01:00 PM ET
    $OTEX
    EDP Services
    Technology