IXOS Operations To Move In-Line with Open Text Model

Open Text Remains Focused On Profitability

Waterloo, ON - 2004-03-16 - Open Text Corporation (Nasdaq: OTEX; TSX: OTC), the world s largest enterprise content management (ECM) vendor, today announced that IXOS Software AG, which is approximately 88% owned by Open Text, has announced plans to improve operational efficiency. The changes are part of a focus to improve IXOS profitability and position the combined companies for future growth. IXOS plans to record a total extraordinary charge of approximately 14 million euro in the third quarter of fiscal 2004 relating to this restructuring activity, which includes a reduction of IXOS workforce by 14 percent, or approximately 130 people.

We are pleased to see IXOS focus on improving their profitability. These actions demonstrate movement towards an operating model which is in-line with that of Open Text, said Tom Jenkins, CEO of Open Text. Previously issued guidance from Open Text remains unchanged as a result of this announcement by IXOS.

The charge IXOS will take related to its restructuring actions will not impact the operating results of the business combination of IXOS and Open Text.

Open Text issued guidance in a press release on February 24th, 2004. The release can be viewed at: http://www.opentext.com/news/pr.html?id=1457

More information on the IXOS/Open Text business combination agreement can be found at: www.2016091ontario.de

About Open Text

Open Text is the market leader in providing Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Since launching the world's first Internet search engine and the first Web-based enterprise collaboration and knowledge management software, Open Text has continued its leadership in providing global enterprises with innovative and effective solutions. Throughout its history, Open Text has matched its tradition of innovation with a track record of financial strength and growth. Today, the Company supports fifteen million seats across 10,000 deployments in 31 countries and 12 languages worldwide. Open Text s flagship product, Livelink® seamlessly combines collaboration with content management, helping organizations transform information into knowledge to provide the foundation for innovation, compliance and accelerated growth. For more information on Open Text and Livelink, go to: www.opentext.com and www.opentext.com/livelink.

Trademark

Copyright © 2004 by Open Text Corporation. LIVELINK, LIVELINK MEETINGZONE, and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.

Release Disclaimer

Forward-looking statements in this press release are not promises or guarantees and are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. The Company cautions you not to place undue reliance upon any such forward- looking statements, which speak only as of the date made. Forward-looking statements relate to, among other things, the future performance of Open Text, the benefits of any acquisition, the strength of the Company s pipeline, the Company s growth and profitability prospects, the Company s position in the market, and future opportunities therein, the benefits of the Company s products to be realized by customers, the demand for the Company s products and the deployment of Livelink and Livelink MeetingZone by customers. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. The risks and uncertainties that may affect forward-looking statements 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, demand for the Company s products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Form 10-K for the year ended June 30, 2003, and Form 10-Q for the quarters ended September 30, 2003 and December 31, 2003. 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

Anne Marie Rahm
Director, Investor Relations
Open Text Corporation
+1-617-204-3359
arahm@opentext.com

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