Open Text Named One Of Canada's Fastest Growing Companies In Deloitte & Touche Canadian Technology Fast 50 Program

Deloitte & Touche Attributes Open Text s 8th place ranking to its 3986.93 Percent Revenue Growth

Waterloo, ON - 2000-09-28 - Open Text Corporation (Nasdaq: OTEX, TSE: OTC), a worldwide leader of collaborative commerce software for e-business, has been named to Deloitte & Touche s prestigious Canadian Technology Fast 50 Program, a ranking of the 50 fastest growing technology companies in Canada. Rankings are based on the percentage of growth in revenues from 1995-1999 (five-year period).

Open Text s CEO, Tom Jenkins, credits the steady execution of its plan to provide open and scalable products that facilitate e-business around the globe, with the company s 3986.93 percent revenue growth over the past five years. He said, Open Text is again proud to be acknowledged as one of the fastest growing technology companies in Canada. Open Text s listing on the Canadian Technology Fast 50 is evidence of the continued growth of the collaborative knowledge management industry. More and more companies are recognizing the growing benefits of collaborative commerce solutions to increase productivity, speed up business processes and reduce costs.

In an era where technology companies come and go, making the Deloitte & Touche Canadian Technology Fast 50 is a testament to a company s leadership and its ability to not only have the right solution for that moment in time, but also the vision that allows growth over five years, said Garry Foster, National Director, High Technology and Telecommunications, Deloitte & Touche. Open Text has proven that they have the right stuff to succeed, and we at Deloitte & Touche salute its accomplishments.

Open Text s increase in revenues of 3986.93 percent over the five-year period of 1995 to 1999 resulted in an 8th place ranking overall in the Canadian Technology Fast 50. The average increase in revenues among companies who made the Fast 50 for this region was 1878 percent.

For the first time, winners of the Canadian Technology Fast 50 and Shooting Stars program are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks the U.S. and Canada s top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.deloitte.ca or www.fast500.com.

About Open Text

Open Text has pioneered the development of innovative intranet and extranet 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. Its product family called Livelink enables individuals, teams, organizations, and global trading communities to collaborate on e-business applications that facilitate e-commerce and other transactions among Global 2000 organizations. Open Text has become one of the largest providers of Web based collaboration for e-business applications for e-communities of all types from intranets to extranets and public groups. The Livelink product family has over 4 million users in over 4,000 installations in 31 countries, speaking 12 languages throughout the world. For more information, visit www.opentext.com.

Trademark

Copyright (C) 2000 by Open Text Corporation. Livelink 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 and myLivelink 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, 1998, and June 30, 1999, and Form 10-Q for the quarters ended September 30, 1999, December 31, 1999 and March 31, 2000. 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