Source: OpenText Corporation
  • OpenText Corporation (OTEX) and ULTA Beauty have announced their plans to discuss workforce digitization
  • OpenText allows organizations to gain insight using information management solutions, and ULTA is the largest beauty retailer in the U.S.
  • The companies are preparing to discuss their strategy at the upcoming OpenText World 2022 conference
  • The conference will open the event with a dialogue on how technology has helped businesses evolve along with the digital era
  • OpenText Corporation (OTEX) is up 0.54 per cent and is trading at $37.03 per share as of 1:00 p.m. ET

OpenText Corporation (OTEX) and beauty retail giant, ULTA Beauty, have announced their plans to discuss workforce digitization.

OpenText allows organizations to gain insight through market-leading information management solutions, and ULTA is the largest U.S. beauty retailer for cosmetics, fragrance, skincare products, hair care products, and salon services.

Mark J. Barrenechea, CEO & CTO at OpenText, commented,

“OpenText is a leader in automating and digitizing HR information processes to support the workforce of the future… We are thrilled to provide ULTA Beauty with a streamlined HR experience that assists in storage, uploading and access of all HR content and employee records, all while ensuring information is all stored securely in the cloud.”

The companies are preparing to discuss their strategy at the upcoming OpenText World 2022 conference.

Mike Savage, Vice President of Total Rewards and Human Resources Information Systems at ULTA, stated,

“With human resources playing a critical role in helping organizations navigate change, ULTA Beauty chose to employ OpenText to facilitate a seamless transition into digitization and automation of internal processes… Leveraging OpenText and its solutions makes it possible for ULTA Beauty to streamline our many internal processes, simplifying, reinforcing and strengthening our overall operations.”

At the conference, Barrenechea and Savage will open the event with a dialogue on how technology has helped businesses evolve along with the digital era.

OpenText Corporation (OTEX) is up 0.54 per cent and is trading at $37.03 per share as of 1:00 p.m. ET.


More From The Market Online

Unsung profits: Three microcap stocks with a strong case for value

A key factor behind picking winning microcap value stocks is identifying dislocations between company performance and market perception.

Canadian Transit security stock spreads its U.S. reach

Gatekeeper Systems Inc. (TSXV:GSI) receives a C$645,000 purchase contract from Cascades East Transit in central Oregon.

Top crypto stocks and ETFs to consider before the Bitcoin halving

Read about 10 of the highest-performing Bitcoin stocks and ETFs leading up to the cryptocurrency's April 2024 halving.

Netflix trounces subscriber growth estimates in Q1 2024

Netflix (NASDAQ:NFLX) added 9.33 million subscribers in Q1 2024, almost double the consensus forecast of analysts polled by LSEG.