News provided by Advanced analytics, technology-assisted review, and generative AI empowers legal teams to be more proactive, productive, and powerful WATERLOO, ON, Aug. 8, 2024 /PRNewswire/ — OpenText™ (NASDAQ: OTEX), (TSX: OTEX) unveiled its OpenText Axcelerate with Aviator, a groundbreaking innovation to its eDiscovery platform, recently enhanced in the company’s Cloud Editions 24.3 product release. Designed for legal professionals, Axcelerate with Aviator elevates legal professionals through the power of Large Language Models (LLMs) to drive data-driven insights, mitigate risks, and lower eDiscovery costs.In today’s fast-evolving legal industry, the demand for efficient and cost-effective e-discovery solutions is at an all-time high. According to a recent survey conducted jointly by OpenText and Corporate Counsel Business Journal (CCBJ), 54% of corporate legal teams plan to leverage AI to free up time for high-value work, 52% aim to improve decision-making, and 48% seek to increase productivity. Generative AI is playing a significant role in this transformation, with its applications including document summarization, legal research, and compliance monitoring.”Axcelerate with Aviator will revolutionize how in-house legal teams operate,” said Michael Acedo, Chief Legal Officer at OpenText. “By leveraging the power of Large Language Models, Axcelerate with Aviator will automate document review giving legal professionals faster access to key facts and evidence to improve early data-driven decisions and gain a powerful strategic advantage in litigation and investigations. With these Cloud Editions 24.3 updates, Axcelerate with Aviator will provide insights that not only reduce e-discovery costs but also empower legal teams to make informed, risk-adjusted decisions.”Empowering Attorneys with Advanced AIAs legal professionals face mounting pressure to meet client demands and navigate intricate regulatory environments, Axcelerate with Aviator integrates generative AI capabilities, enabling attorneys to: About OpenTextOpenText™ 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 blogTwitter | LinkedInCertain 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-GSOURCE Open Text CorporationLearn more about the latest innovations with Cloud Editions 24.3Find more information about the benefits of OpenText Axcelerate with Aviator GenAI
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