Open Text and PricewaterhouseCoopers To Pursue a Business Relationship

Waterloo, ON - 2001-04-11 - Open Text Corporation (Nasdaq:OTEX)(TSE:OTC), a worldwide leader in collaborative commerce applications for e-business, today issued the following statement:

b2bScene , a division of Open Text, and PricewaterhouseCoopers have decided to explore opportunities for the joint development and external marketing of hosted vertical collaborative solutions. The development of these leading-edge hosted solutions will combine PricewaterhouseCoopers' extensive domain knowledge and market presence with b2bScene's eBusiness platform and technological capabilities.

"PricewaterhouseCoopers is excited about the opportunity to explore ways to work with b2bScene in identifying and developing innovative online collaborative applications," says Mike Wathen, PricewaterhouseCoopers E-Business Partner.

In order to pursue such a business relationship, PricewaterhouseCoopers has tendered its resignation as Open Text's independent auditor of record effective April 5, 2001. Open Text's Board of Directors has accepted the resignation.

Open Text has appointed KPMG LLP as new independent auditors.

About Open Text

Open Text makes collaborative commerce products that provide organizations with the ability to extend their current CRM, SCM and ERP applications to allow users to work together inside and outside their organization. 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. Its solution 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. For more information, visit www.opentext.com.

Trademark

Copyright (C) 2001 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 expectation of concluding a business relationship, the benefits thereof and the 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, June 30, 1999, and June 30, 2000, and Form 10-Q for the quarter ended September 30, 2000 and December 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

Greg Secord
VP, Investor Relations
Open Text Corporation
+1-519-888-7111 ext.2408
gsecord@opentext.com