Artificial Intelligence

BigCart Brings Electronic and Early Payments to the OpenText Business Network

BigCart , a FinTech company that provides a broad portfolio of innovative, secure B2B electronic payment solutions, today announced a strategic partnership with OpenText (NASDAQ: OTEX), (TSX: OTEX), a leader in information management, on a globally integrated supply chain information platform for small to medium-sized companies and middle-market suppliers.

BigCart's payment solutions will now be offered to the OpenText Business Network, giving more than 1.1 million trading partners the opportunity to accelerate cash flow and reduce finance costs for suppliers. This offering is a brand-new option for those companies operating under BigCart's system, bringing payment flexibility, all while paying suppliers in a fraction of the time.

"Working with BigCart, the first of our funding partners, OpenText is securely offering our entire trading partner community the ability to source alternative funding opportunities through custom solutions, saving them both time and money," said Ted Harrison, EVP Global Sales at OpenText. "Building on OpenText clients' existing applications, this new offering can help our partners ensure financial health for their supply chain and strengthen their relationships with suppliers, something we are working to offer even more of for the mid-market in the future."

Unlike traditional supply chain finance solutions, BigCart's unique financing solution is geared towards small and medium-sized enterprises (SMEs), minority business enterprises (MBEs), and middle-market suppliers and does not demand a buyer guarantee. These new secure B2B electronic payment solutions analyze existing data through the OpenText Active Access Portal , a secure, collaborative portal for users across the business ecosystem, creates relevant offers to support suppliers and is automatically deployed with little involvement from either buyers or suppliers. These offerings enable all suppliers to access low-cost accelerated cash flow.

"Our goal for any client is to make money easily accessible," said Rodney Schansman, CEO of BigCart. "Because OpenText already does so much to help their network of customers organize, integrate, and protect their data, our payment solution was an easy add-on. The OpenText Active Access portal is a natural fit for us, and we expect any OpenText enterprise client who signs on to use BigCart to see an immediate impact on their bottom line."

About BigCart

BigCart is a FinTech company that provides a broad portfolio of innovative, secure B2B electronic payment solutions. Founded in 2021, BigCart's goal was to simplify the outdated methods of traditional supply chain finance that no longer suit today's business needs. By leveraging vast amounts of data, BigCart's custom payment solutions help buyers and suppliers streamline financing and gain access to the most competitive financing options available.

Elizabeth Lampton,

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Open Text Corporation (NASDAQ: OTEX, TSX: OTEX) confirmed today that each of the 11 nominee directors listed in its management proxy circular dated August 4, 2022 were re-elected by shareholders at its Annual Meeting of Shareholders (the "Meeting") held virtually today. The detailed results of the vote for the election of directors at the Meeting are set out below. Shareholders holding 225,160,163 common shares representing 83.45% of the outstanding common shares were present or represented by proxy at the Meeting.

OpenText logo (PRNewsfoto/Open Text Corporation) (PRNewsfoto/Open Text Corporation)

On a vote by ballot, each of the following nominees proposed by management was elected as a director of OpenText to serve until the next annual meeting of shareholders of OpenText or until their successors are duly elected or appointed:

Votes For

Votes Against

P. Thomas Jenkins


92.46 %


7.54 %

Mark J. Barrenechea


97.91 %


2.09 %

Randy Fowlie


94.06 %


5.94 %

David Fraser


98.83 %


1.17 %

Gail E. Hamilton


89.79 %


10.21 %

Robert Hau


99.38 %


0.62 %

Ann M. Powell


93.87 %


6.13 %

Stephen J. Sadler


95.46 %


4.54 %

Michael Slaunwhite


85.01 %


14.99 %

Katharine B. Stevenson


95.32 %


4.68 %

Deborah Weinstein


83.65 %


16.35 %

The results of other matters considered at the Meeting are reported in the Report of Voting Results as filed on SEDAR ( ) and Open Text's Form 8-K filed on EDGAR ( ), each of which were filed on September 15, 2022 .

About OpenText

OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, powered by OpenText Cloud Editions. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit .


Copyright ©2022 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. All rights reserved. For more information, visit: .

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SOURCE Open Text Corporation

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