Stanley Stern Joins Open Text Board of Directors

Former CIBC Oppenheimer Technology Banking Director, Stanley Stern, appointed to Open Text Board

Waterloo, ON - 2000-02-09 - Open Text Corporation (Nasdaq: OTEX, TSE:OTC), the leading provider of collaborative intranet, extranet and e-business applications, is pleased to announce the appointment of Stanley B. Stern as a member of its board of directors. Mr. Stern, Managing Director of S.T.I. Ventures Advisors LLC and formerly head of Technology Banking with CIBC Oppenheimer, adds more than 20 years of investment banking expertise to the Company's board.

Mr. Stern joined Oppenheimer & CO., Inc's investment banking unit in 1981 where he held a variety of investment banking positions, including head of Technology Investment Banking for the merged CIBC Oppenheimer. Mr. Stern is currently Managing Director of S.T.I. Ventures Advisors, the U.S.affiliate of an international investment group supporting leading-edge high-technology companies worldwide, and adding value by providing financial, strategic and technological support.

"Stanley brings his expertise of strategic thinking and history intechnology banking to the Open Text board," says Tom Jenkins, Chief Executive Officer, Open Text. "His 20 years of investment banking experience on Wall Street will assist Open Text in its drive to further grow our business, strengthen the Company's position as an industry leader andenhance our relationship with investors. We regard Stanley's decision to join our board as a strong endorsement of Open Text's market opportunity and product excellence."

About Open Text

Open Text has pioneered the development of innovative intranet, extranet and e-business applications. Since creating one of the first search engines to index the World Wide Web, the Company has remained at the forefront of Internet-based technologies. Today, Open Text solutions allow individuals, teams, organizations, and global trading communities to collaborate on projects, share ideas and accelerate innovation to the fastest possible speed. We call it HyperInnovationT and it is already a major factor in the success of leading Global 2000 organizations. Open Text has become the largest supplier of collaborative, Web-based e-business applications for the enterprise, with over 3.5 million users in 31 countries, speaking 12 languages throughout the world. For more information, visit www.opentext.com.

Trademark

Copyright © 1999 by Open Text Corporation. Livelink, 'Effective Solutions. Driven By Vision. Powered By Innovation.', HyperInnovation, and Open Text are trademarks or registered trademarks of Open Text Corporation. This list is not exhaustive. Other product and company names herein may be trademarks of their respective owners.

Release Disclaimer

This news release may contain forward-looking statements relating to the deployment of Livelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the company's initial public offering of common stock in January 1996, Form 10-K for the years ended June 30, 1997, June 30, 1998 and June 30, 1999, and Form 10-Q for the quarters ended September 30, 1998, December 31, 1998, March 31, 1999 and September 30, 1999. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

For more information, please contact

Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com