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OpenText Recognized as One of the World’s Top Companies for Women by Forbes for the Second Consecutive Year

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Company ranks in the top 20% of global companies included on this year’s list

WATERLOO, ON, Oct. 29, 2024 /CNW/ — OpenTextTM (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named one of the World’s Top Companies for Women 2024 by Forbes. The list, which is generated by Forbes in partnership with Statista, celebrates global companies that support women in the workplace. OpenText, which has been named to the list for the second consecutive year, ranked within the top 20% of global companies.

Companies who received this recognition were evaluated through multiple globally administered independent surveys of approximately 100,000 women. Survey participants were asked questions on a variety of gender-related workplace topics, and additional factors such as public opinion and leadership were also considered in this year’s ranking methodology.  

“We are honored to be recognized as one of the World’s Top Companies for Women,” said Mark J. Barrenechea, CEO & CTO of OpenText. “While some corporations are questioning their commitment to Diversity, Equity and Inclusion, OpenText is not. Our culture centers on performance, fairness, and being practical. We strive to unlock the voice and potential in each of our employees, in the context of our business, and believe this is essential to be a top innovator and performer.”

Through the OpenText Zero-In Initiative, OpenText has declared strong commitments under its Zero Barriers pillar which include a majority ethnically diverse workforce and 50/50 gender parity in key roles by 2030 as well as 40% women in leadership across all management levels by 2030. By leveraging key programs that focus on recruitment and retention strategies, women in leadership, mentorship, and uplifting the company’s largest Employee Network Group, Worldwide OpenText Women (WOW), OpenText is making positive progress against these goals. More information on the OpenText Zero-In Initiative is available in the company’s annual Corporate Citizenship Report.

“Diversity advances collaboration, drives innovation, and accelerates growth,” added Barrenechea. “We are extremely proud of our inclusive and award-winning culture here at OpenText and we will continue to create a work environment where all employees feel valued, and each person can thrive.”

Forbes recognition of OpenText as one of the World’s Top Companies for Women 2024 is the latest in a series of impressive achievements awarded to the company. Additional recent award wins also include:

Being named one of the World’s Top Employers 2024 by Forbes earlier this month for the fifth consecutive year. This award celebrates companies that offer engaging work, opportunities for growth and career advancement, and much more.Ranking third in our industry category on the inaugural Canada’s Most Responsible Companies 2025 ranking, a list generated by Newsweek and Statista which honors organizations for their commitment to climate, social welfare, and a responsible governance.Recognition for the second year in a row as one of the World’s Best Companies 2024 by TIME, which identifies top performing companies across three primary dimensions: employee satisfaction, revenue growth, and sustainability.

For more information on how OpenText is fostering an inclusive and award-winning culture, or to get an inside look at life as an OpenText and learn more about current career opportunities visit the newly redesigned OpenText Career page at careers.opentext.com.

About OpenText 
OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com. 
 
Connect with us: 
OpenText CEO Mark Barrenechea’s blog 
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 © 2024 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

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SOURCE Open Text Corporation

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Joycollab by Pitch Solution Now Supports More Languages to Boost User Connectivity and Productivity

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SEOUL, South Korea, Oct. 30, 2024 /PRNewswire/ — Pitch Solution has enhanced its Joycollab metaverse office platform by adding English and Japanese language support, alongside the existing Korean interface as part of its global expansion plan. This follows extensive preparations for the Japanese market entry, including local market research, participation in trade shows, usability improvements based on feedback, and engagement with local companies since early 2023.

Launched in South Korea in May 2022, Joycollab enhances remote collaboration for businesses and organizations through a user-friendly 2.5D virtual office. Accessible through PC web browsers and mobile applications, it supports features such as video conferencing (including Zoom), voice and text chat, instant messaging, and avatar gestures. It also provides essential tools such as information board, kanban board, electronic approval system, and Google integrated calendar to increase team productivity and efficiency. The platform also includes a time zone feature, ensuring that remote teams, overseas offices, and customers can collaborate effortlessly regardless of location. 

Building on its success in the APAC region, Pitch Solution participated in the K-Metaverse@Vietnam exhibition in Ho Chi Minh City in September 2024. The event allowed Pitch Solution to explore the Vietnamese market, generate significant interest from local buyers and secure new partnerships.

 An Jung-su, CEO of Pitch Solution, shared his vision for the company’s future, stating, “Along with the Joycollab office platform, we plan to enhance our core technologies and differentiate our services through the integration of Joycollab Community World. This will expand our service offerings, support our entry into overseas markets, and create new business opportunities, driving our growth as a global company.”

To celebrate, Pitch Solution is offering the first 50 companies a free three-month trial of Joycollab’s premium plan. Visit https://jcollab.com/freetrial_EN.html to claim this offer.

Experience Joycollab’s metaverse office home page in English https://jcollab.com/index_EN.html or Japanese https://jcollab.com/index_JP.html and visit https://pitchsolution.co.kr/ to learn more about Pitch Solution.

Contact support@pitchsolution.co.kr or  https://jcollab.com/inquire_EN.html to inquire more about Joycollab or Pitch Solution’s innovative service. 

About Pitch Solution

Founded in February 2020, Pitch Solution Co., Ltd. specializes in collaboration solutions. With over a decade of experience in developing and operating software solutions, the company now focuses on creating immersive collaboration tools and metaverse platforms that meet the needs of the new normal era.

For media inquiries, please contact Jonggeun Park, General Manager, jgpark@pitchsolution.co.kr 

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SOURCE Pitch Solution

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PingPong Partners with China’s Largest Trade Fair to Empower Global Businesses finding High-Quality Supply Chains

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GUANGZHOU, China, Oct. 30, 2024 /PRNewswire/ — PingPong, one of the leading global cross-border payments platforms for businesses, is proud to officially  announce its role as the cooperative partner of the ‘Trade Bridge’, a trade promotion initiative during the 136th Canton Fair. The multi-day event will feature over 30,000 global companies exhibiting goods, and host more than 130,000 global buyers from over 200 countries and regions.

As a cooperative partner of the Canton Fair’s “Trade Bridge” initiative, PingPong has leveraged its global ecosystem to bring over 300 buyers to the event from around the world, particularly Thailand, Indonesia, South Korea and Vietnam. These buyers can easily connect with top Chinese sellers and screen suppliers, facilitating global trade corridors.

PingPong has also created a platform to match Chinese merchants with high-quality global buyers, facilitating 1-on-1 meetings to support both buyer and seller needs. Additionally, PingPong is hosting three online and offline procurement matchmaking events, opening new opportunities for global expansion.

Earlier this year, Canton Fair’s Trade Bridge signed a comprehensive strategic partnership with PingPong to utilize its global ecosystem to help Chinese businesses expand internationally.

Jianqin Shu,Partner and General Manager of SMB Business Group at PingPong said, “At this year’s Canton Fair, we’ve mobilized local teams, partners, and buyers from around the world, including Vietnam, South Korea, Indonesia and Thailand, forming a delegation of hundreds to meet face-to-face with trade companies. This shows PingPong’s value is more than just in payments, it is a global ecosystem of buyers and sellers. In September, we also led an industry summit in Vietnam with over 4,000 attendees to help businesses access global markets. Going forward, we will continue expanding our network to more countries and regions, offering valuable connections and fostering growth for merchants on our platform.”

One of PingPong’s clients is Thai buyer Sumin Tunpeiroh, who is also a representative at the event. He hopes to source new steel grinding machines for next year’s sales, commenting, “PingPong built an excellent platform, allowing us to engage directly with top companies and discover the newest products.”

PingPong will continue to facilitate trade connections during the second and third phases of the 136th Canton Fair, focusing on matching buyers from Thailand and South Korea with high-quality Chinese suppliers. And PingPong also invited top Vietnamese influencer ZhuZhu and leading Thai beauty blogger PeePee to livestream their exhibition experiences during the fair. These livestreams create in-depth opportunities for foreign trade businesses to connect with international influencers, opening a window to overseas markets and consumers, and helping businesses transform in the digital trade era.

About PingPong

PingPong was founded in New York in 2015, with the goal of solving the immense challenge of scaling enterprise businesses globally. Fast forward to today, and PingPong has become one of the world’s leading global cross-border payments platforms, processing more than $200 billion USD. Our API-first cross-border payments platform integrates with enterprises to send, manage, and receive money faster on a global scale.

PingPong currently has 30 offices spanning 11 countries, with over 1000 employees. Our international presence helps businesses solve complex payment needs in every major economy across all time zones.

About Canton Fair:

As a comprehensive international trading event with the longest history, the largest scale, the most complete exhibit variety, the largest buyer attendance, the most diverse buyer origin and the greatest business turnover in China, Canton Fair is hailed as China’s No.1 Fair and the barometer of China’s foreign trade.

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Garda World Security Corporation Announces Pricing of Previously Announced Offering of US$1 Billion of Senior Notes due 2032

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MONTRÉAL, Oct. 29, 2024 /PRNewswire/ – Garda World Security Corporation (“GardaWorld” or the “Company”), an entrepreneurial-driven corporation focused on building global champions in security services, AI-enabled security technology, integrated risk management and cash automation solutions, announced today the pricing of the private offering (the “Offering”) of US$1.0 billion aggregate principal amount of 8.375% senior unsecured notes due 2032 (the “Notes”). The Offering is expected to close on or about October 31, 2024, subject to the completion of customary closing conditions.

The Company intends to use the net proceeds from the Offering (i) to finance the previously announced conditional redemption of all of its 9.5% senior unsecured notes due 2027 (the “2027 Unsecured Notes Redemption”), (ii) to finance the cash consideration in respect of its previously announced acquisition of the business of Stealth Monitoring, a North American leader in cutting-edge commercial mobile and fixed video monitoring security solutions in the United States and Canada (the “Stealth Acquisition”), (iii) to pay fees and expenses related to the Offering, the 2027 Unsecured Notes Redemption and the Stealth Acquisition, and (iv) with any remaining proceeds, for general corporate purposes, including potential future acquisitions. Pending any specific application of the net proceeds, the Company may use a portion of the proceeds to invest in government securities or cash equivalents.

The Offering will be made in a private transaction in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in the United States only to investors who are reasonably believed to be “qualified institutional buyers,” as that term is defined in Rule 144A under the Securities Act, and pursuant to the prospectus exemption of section 12 of the Securities Act (Québec) for distribution of securities to persons established outside Québec, or outside the United States pursuant to Regulation S under the Securities Act and upon reliance on the accredited investor prospectus exemption in Canada.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the Notes (nor the Company’s 9.5% senior unsecured notes due 2027) in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The Notes mentioned herein have not been and will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of securities in Canada will be made on a basis which is exempt from the prospectus and dealer registration requirements of such securities laws. The Notes have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or Canada without registration or an applicable exemption from registration requirements or an applicable exemption from the prospectus requirements of Canadian securities legislation.

About GardaWorld

GardaWorld is an entrepreneurial-driven corporation that builds global champions in security services, AI-enabled security technologies, integrated risk management and cash automation solutions, employing more than 132,000 highly skilled and dedicated professionals across the globe. Driven by a relentless entrepreneurial culture and core values of integrity, vigilance, trust and respect, GardaWorld’s global champions offer sophisticated, tailored security and technology solutions through high-touch partnerships and consistently superior service delivery. With a deep understanding that security is critical to the organizational resilience of business operations and the safety of communities, GardaWorld is committed to impeccable governance, professional care and the well-being of everyone. Thanks to a well-earned reputation, GardaWorld businesses are long-standing security partners of choice to some of the most prominent brands, influential individuals, Fortune 500 corporations and governments. For more information, visit gardaworld.com.  

Forward-Looking Statements

Information provided and statements contained in this press release that are not purely historical are forward-looking statements within the meaning of the applicable securities laws. Certain statements in this press release may constitute forward-looking information within the meaning of securities laws. Forward-looking information may relate to GardaWorld’s future outlook and anticipated events, business, operations, financial performance, financial condition or results and, in some cases, can be identified by terminology such as “may”; “will”; “should”; “expect”; “plan”; “anticipate”; “believe”; “intend”; “estimate”; “predict”; “potential”; “continue”; “foresee”, “ensure” or other similar expressions concerning matters that are not historical facts. In particular, statements regarding GardaWorld’s future operating results and economic performance and its objectives and strategies are forward-looking statements. These statements are based on certain factors and assumptions including the growth management, market competition, cost of financing, key personnel, government regulations, standard customer service contracts, insurance, strikes and other labor protest, supply chain disruptions, information technology system and cybersecurity breaches, operations outside Canada and the United States, cash in circulation and prevailing economic activity, currency fluctuations, credit risk, reputational risk and financial covenants risk, many of which are beyond GardaWorld’s control. While management considers these assumptions to be reasonable based on information currently available to GardaWorld, they may prove to be incorrect. Forward-looking information is also subject to certain factors, including risks and uncertainties that could cause actual results to differ materially from what GardaWorld currently expects. The foregoing list of important factors is not exhaustive. Therefore, future events and results may vary significantly from what management currently foresees. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. GardaWorld will not update these statements unless applicable securities laws require GardaWorld to do so.

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SOURCE GardaWorld Security Corporation

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