OpenText (NASDAQ: OTEX) has recently made a strategic appointment, naming Savinay Berry as its EVP & Chief Product Officer. Berry's appointment comes as the company aims to focus on products and innovation across its data-oriented domains to drive growth. In addition, Muhi Majzoub has taken on a new role as EVP, Security Products, in a move aimed at increasing the company’s focus and accelerating its opportunity in the critical security market.
Savinay Berry brings with him deep experience in leading technology and engineering for global software leaders. Most recently, he led products and engineering at Vonage, an Ericsson company, where his responsibilities included cloud applications, developer platforms, AI, and security.
Berry's expertise is expected to help OpenText accelerate its mission to become the best information management company in the world, enabling customers to gain an enterprise advantage across content management, digital experience, business network, digital operations, DevOps, and analytics, among other areas.
In a statement, Savinay Berry expressed his excitement to rejoin OpenText, especially during a time of significant change in the industry. He highlighted the increasing relevance of information management in the context of the ongoing AI transformation, emphasizing the crucial role of data and the importance of helping customers secure, organize, and prepare their data sets to take advantage of AI.
OpenText's CEO & CTO, Mark J. Barrenechea, expressed his pleasure at having Savinay Berry join the executive leadership team and emphasized the company's innovation over the past two years, which has positioned it favorably to translate innovation into enduring value for its customers. He also underscored the company's focus on the convergence of cloud, security, and AI, expressing his anticipation of working with Berry to deliver the next generation of information management.
Notably, OpenText is recognized as the leading information management software and services company globally, providing organizations with a comprehensive suite of business clouds, business AI, and business technology to solve complex global problems.
The appointment of Savinay Berry and the redefined focus on security products reflect OpenText's commitment to driving innovation and delivering enduring value to its customers in an ever-evolving industry landscape. The market has reacted to these announcements by moving the company's shares -1.0% to a price of $28.54. Check out the company's full 8-K submission here.
