DG BANK (Schweiz) AG Enhances Workflow Management and Access To Corporate Knowledge Using Livelink

Open Text s Livelink met the financial organization s requirements for standard functionality and Web-based technology

St. Gallen, Switzerland - 2001-05-02 - Open Text Corporation (Nasdaq: OTEX, TSE: OTC), a worldwide leader in collaborative commerce software for e-business, today announced that DG BANK (Schweiz) AG, a Swiss subsidiary of DG BANK AG, employs Open Text s Livelink® for managing internal knowledge and workflow processes within the corporate intranet.

DG BANK (Schweiz) AG supports the co-operative interests of DG BANK AG, headquartered in Frankfurt, Germany; Schweizer Verband der Raiffeisenbanken, St. Gallen; and WGZ-Bank (Westdeutsche Genossenschafts-Zentralbank eG, Düsseldorf) in establishing a European collaborative platform for Swiss private banking.

After conducting detailed evaluations, the DG BANK (Schweiz) AG decided in favour of Open Text s collaborative platform. Livelink s fully Web-based architecture and rich, standard functionality met the bank s requirements by more than 90 percent.

The most significant features required by the DG BANK (Schweiz) AG included:

- Easy-to-maintain document access rules

- Easy-to-use, fully Web-based user interface

- Document management, search and version control

- workflow definition and automation

- project and content management

When compared to the solutions IntranetNow! from Amrein Engineering and Virtual Object Store from Conexus Logical, Livelink consistently rated highest. Compared specifically with Virtual Object Store, Livelink s cost and consistent user interface, from which all its functionalities can be accessed and executed, were the decisive arguments. According to the DG BANK (Schweiz) AG, when compared to IntranetNow!, Livelink s standard functionality met 94 percent of its requirements.

User acceptance of our Livelink-based intranet solution is very high. Above all, its integrated news channels, dashboards and personal workspaces have been extremely well received, said Martin Schiffauer, director project intranet at DG BANK Schweiz. Furthermore, Livelink has enabled us to reach all our qualitative goals, with respect to knowledge transparency and effectiveness.

DG BANK (Schweiz) AG is currently planning to extend its corporate intranet to include an extranet, providing partnering banks with access to critical information and news. Future plans also include the design and implementation of well-defined workflows in the back office and service areas, as well as the integration of external information services.

About DG BANK Schweiz

After 25 years of successful private banking in Zurich, DG BANK and the Swiss Raiffeisen banks have created a European platform for their Swiss private banking activities. In future, DG BANK (Schweiz) AG will trade under the name of cosba private banking ag. The new concept is intended as a basis for further European partnerships. To give its Swiss private banking operations a more credible international face, DG BANK (Schweiz) AG has also changed its name. As of 2 May 2001, it is now called cosba private banking ag. cosba stands for "co-operative Swiss banking". This new image will allow the Bank to establish its own identity in the European co-operative banking market. Thanks to the sales approach chosen, the Bank's high-quality products and services will be made available to Raiffeisen bank clients all over Switzerland. Its strategic plans for the future focus on the co-operative banking systems in the neighbouring countries of Austria and Italy. cosba private banking ag will extend the range of products and services it offers in these markets through its partners' distribution networks.

About Livelink

Livelink is a highly scalable e-business application. Its richly-featured enterprise services include virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services, all tightly integrated into a solution that is easily customized and extended. Livelink is essential to the effective management and development of communities of interest that span organizations and industries. For everything from the creation of complex e-community relationships to the automation of simple e-business processes, Livelink delivers true dynamic collaboration between individuals, organizations, and large trading communities. Livelink servers are fully Web-based and open-architected to ensure rapid deployment and easy access to its full functionality through a standard Web browser. For more information, visit www.opentext.com/livelink.

About Open Text

Open Text provides collaborative commerce solutions for e-business that enable users to extend and build CRM, SCM and ERP applications and allow them to work together within and across organizations. 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 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, 1998, June 30, 1999, and June 30, 2000, and Form 10-Q for the quarters ended September 30, 2000, December 31, 2000 and March 31, 2001. 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