OpenText Strengthens X12 Collaboration to Accelerate the Future of Supply Chain B2B Data Exchange

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.

OpenText logo (PRNewsfoto/Open Text Corporation)

"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 .

OTEX-G

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/opentext-strengthens-x12-collaboration-to-accelerate-the-future-of-supply-chain-b2b-data-exchange-302100198.html

SOURCE Open Text Corporation

News Provided by PR Newswire via QuoteMedia

OTEX:CA
The Conversation (0)
Stock chart moving up.

NVIDIA Becomes Most Valuable Public Company, Surpassing Microsoft and Apple

After a meteoric surge this year, NVIDIA (NASDAQ:NVDA) has overtaken tech behemoths Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) to become the world's most valuable public company.

The rise of artificial intelligence (AI) has played a major role in its rise. The company's graphics processing units (GPUs) are essential for AI systems, and demand has leaped as AI becomes a part of everyday life.

NVIDIA has continued to progress amid the AI craze. In March, the company announced the debut of Blackwell, a brand-new line of AI GPUs that promises a seismic jump in computing power compared to its predecessor.

Keep reading...Show less
Apple logo.

Apple-OpenAI Partnership Sparks Privacy Debate with Elon Musk

Apple (NASDAQ:AAPL) was in the spotlight this week at its annual Worldwide Developers Conference (WWDC), unveiling a new artificial intelligence (AI) strategy through its partnership with OpenAI.

During a nearly two hour presentation, Apple CEO Tim Cook and other senior executives introduced Apple Intelligence, a suite of AI-powered features that will be embedded across Apple’s devices. Central to this initiative is the integration of OpenAI’s ChatGPT, which will enhance Apple's virtual assistant Siri, allowing it to perform a broader range of tasks.

“All of this goes beyond artificial intelligence; it’s personal intelligence, and it is the next big step for Apple,” Cook said.

Keep reading...Show less
Face in profile made of binary code and circuitry lines.

5 Canadian Artificial Intelligence Stocks (Updated 2024)

Artificial intelligence (AI) is taking charge as a revolutionary industry in a big way, and its momentum looks set to continue, particularly as generative AI tech has exploded in popularity.

Case in point — according to a Grand View Research report, the global AI market was worth US$196.63 billion in 2023, and is projected to grow at a compound annual growth rate of 36.6 percent through 2030 to reach US$1.81 trillion.

"The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing," the report reads. AI applications like deep learning, robotics, neurolinguistic programming and querying methods will be at the forefront for growth.

Keep reading...Show less
Apple store with logo.

Apple Leans into AI at WWDC, Will Bring ChatGPT to Devices

At its Worldwide Developers Conference (WWDC) on Monday (June 10), Apple (NASDAQ:AAPL) unveiled new features for its various operating systems, with several powered by artificial intelligence (AI).

The company announced impressive interactive features, such as spatial photos and enterprise-specific APIs for visionOS 2, along with new partnerships with Canon (TSE:7751) and Blackmagic Design for photo and video production.

Additionally, CEO Tim Cook shared that Apple Vision Pro will be rolling out in eight new countries this summer: Japan, China and Singapore on June 28, and Canada, Germany, Australia, France and the UK on July 12.

Keep reading...Show less
NVIDIA logo with green up arrow.

Tech 5: NVIDIA Becomes Second Most Valuable Company, GameStop Volatile as Roaring Kitty Returns

NVIDIA (NASDAQ:NVDA) was in focus this week as it became the second most valuable company.

Well-known meme stock GameStop (NYSE:GME) also made headlines as volatility took hold of it share price. Meanwhile, a VanEck commentator raised his price projection for Ethereum to over US$20,000 by 2030, and emails between Tesla (NASDAQ:TSLA) and NVIDIA obtained by CNBC troubled those who have invested in the electric vehicle (EV) maker.

Stay informed on the latest developments in the tech world with the Investing News Network's round-up.

Keep reading...Show less
CSE Bulletin: Reinstatement - Integrated Cyber Solutions Inc.

CSE Bulletin: Reinstatement - Integrated Cyber Solutions Inc.

Effective immediately, Integrated Cyber Solutions Inc. will be reinstated for trading.

The Company has rectified the situation that gave rise to the suspension.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×