Open Text Acquires Digital Asset Management Vendor Artesia Technologies

Extends ECM Offering with the Acquisition of World Leader in DAM Technology

Chicago, IL - 2004-08-03 - Open Text Corporation, (Nasdaq: OTEX, TSX: OTC), the market leader in Enterprise Content Management (ECM) solutions, said today it will acquire Artesia Technologies, Inc. of Rockville, Md., an important step towards helping customers better integrate and manage all types of media for improved content management and collaboration. Close of the transaction is imminent.

The acquisition expands Open Text's rich media integration and management capabilities as part of its comprehensive ECM suite, and provides a strong platform from which to address the growing content management needs of media and marketing professionals worldwide.

Artesia Technologies is privately owned and best known for its pioneering solutions in Digital Asset Management (DAM). With a customer list that includes over 120 globally recognized companies, Artesia provides customer organizations and their marketing and distribution partners with the ability to easily access and collaborate around a centrally managed collection of digital media elements. Applications include:

Production Asset Management - Content reuse and collaboration at the center of creative process for digital media content.
Brand Asset Management - Control over and reuse of the digital media elements used in marketing campaigns.
Distribution Asset Management - Streamlining the distribution of digital media and digital marketing materials to the supply chain.
Rich Digital Media Asset Management - Enhances content management and collaboration by extending search, retrieval, viewing and analysis to rich digital media content and its associated metadata.

"Rich media makes up a large and increasing portion of the intellectual capital of world-leading businesses," said Tom Jenkins, Chief Executive Officer of Open Text. "Combined with Open Text solutions, Artesia Technologies will help enhance the comprehensive solutions we offer to companies challenged by next-level compliance requirements in many industries.

"Open Text introduced new collaboration and content management solutions by combining synchronized audio and video with Livelink and Livelink MeetingZone, " said Jenkins. "Last year, we grew that solution with Eloquent, a robust technology platform for using rich media to improve business communications. With the addition of Artesia Technologies, we will effectively incorporate management of rich media into our overall Enterprise Content Management suite."

"It is a natural choice for our company, a pioneer at the forefront of Digital Asset Management, to join the world leader in ECM," said Chris Veator, CEO of Artesia Technologies. "Open Text and its ECM vision were natural choices for Artesia Technologies as we investigated ways to expand the solutions we could offer to our Fortune 1000 customers, including some of the most globally recognized brands."

The transaction is not material to the financial results or operations of Open Text. The acquisition will be discussed during Open Text's fourth quarter earnings conference call, scheduled for Tuesday, August 31, 2004.

For more information or to listen to the call via Web cast, please use the following link:
www.opentext.com/events/event.html?id=35509

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. Throughout its history, Open Text has matched its tradition of innovation with a track record of financial strength and growth. Today, the company supports more than 17 million seats across 13,000 deployments in 67 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com

Trademark

Copyright © 2004 by Open Text Corporation. LIVELINK 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

This news release may contain forward-looking statements relating to the success of any of the Company s strategic initiatives, the Company s growth and profitability prospects, the benefits of the Company s products to be realized by customers, the Company s position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and 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 Form 10-K for the year ended June 30, 2002, and Form 10-Q for the quarters ended March 31, 2003, June 30, 2003, September 30, 2003, December 31, 2003 and March 31, 2004. You should not place undue reliance upon any such forward-looking statements, which 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

Richard Maganini
Open Text Corporation
1-847-961-0662
rmaganin@opentext.com