OpenText Intelligent Growth Strategy Drives Record Fourth Quarter and Fiscal Year 2014 Financial Results Appoints John Doolittle Chief Financial Officer

WATERLOO, Ontario, July 30, 2014 /PRNewswire/ -- Open Text Corporation (OTEX) (OTC.TO) announced today its financial results for the fourth quarter and fiscal year ended June 30, 2014, and the appointment of John Doolittle as Chief Financial Officer.

Financial Highlights for Q4 FY14 (1)

• Total revenue was $494.0 million, up 42% Y/Y
• License revenue was $99.7 million, up 27% Y/Y
• Cloud services revenue was $148.9 million, up 255% Y/Y

Cray Awarded $174 Million Supercomputer Contract From the National Nuclear Security Administration

SEATTLE, WA--(Jul 10, 2014) - Global supercomputer leader Cray Inc. (NASDAQ: CRAY) today announced the Company has been awarded one of the largest contracts in Cray's history -- a $174 million deal to provide the National Nuclear Security Administration (NNSA) with a next generation Cray® XC™ supercomputer and a Cray Sonexion® storage system.

The next-generation Cray XC supercomputer will provide the NNSA with a world-class supercomputing system to advance the mission for the agency's stockpile stewardship program. The system, named "Trinity" by the NNSA, is a joint effort between the New Mexico Alliance for Computing at Extreme Scale (ACES) at the Los Alamos National Laboratory and Sandia National Laboratories as part of the NNSA Advanced Simulation and Computing Program (ASC). The new Cray supercomputer will be used to ensure the safety, security and effectiveness of the United States' nuclear stockpile.

SanDisk Signs Definitive Agreement to Acquire Fusion-io

Leader in Application Acceleration Flash Solutions to Boost SanDisk’s Enterprise Growth

MILPITAS, Calif. & SALT LAKE CITY-- SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced a definitive agreement to acquire Fusion-io (FIO), a leading developer of flash-based PCIe hardware and software solutions that enhance application performance in enterprise and hyperscale datacenters. The acquisition will be an all-cash transaction valued at approximately $1.1 billion, net of cash assumed.

“Fusion-io will accelerate our efforts to enable the flash-transformed data center, helping companies better manage increasingly heavy data workloads at a lower total cost of ownership,” said Sanjay Mehrotra, SanDisk president and CEO. “Customers will benefit from the addition of Fusion-io’s leading PCIe solutions to SanDisk’s vertically integrated business model. We look forward to working with the world-class engineering and go-to-market teams from Fusion-io to provide high-value solutions to customers around the world.”