Open Text Highlights ECM Solutions at Annual and Special Meeting of Shareholders

Waterloo, ON - 2005-12-16 - Open Text Corporation (NASDAQ:OTEX) (TSX:OTC), the leading independent provider of Enterprise Content Management (ECM) software, held its Annual and Special Meeting of Shareholders at the Toronto Stock Exchange Conference Centre on December 15, 2005.

"We have seen a dramatic change where many of our existing customers and new customers are buying our products because of compliance," said John Shackleton, President and CEO of Open Text.

Open Text highlighted this recent shift in the demand for compliance related ECM business solutions, driven by Sarbanes Oxley Act, Basel II and FDA approval. The Company discussed how these compliance needs are driving customers to purchase email archiving and records management solutions, where storing and managing emails in context to key business transactions is necessary. The Company highlighted specific compliance challenges faced by customers and discussed how Open Text solutions can help mitigate corporate risk.

The Company reviewed the strategy of securing customer investments in ECM by focusing on building compliance solutions on top of an existing infrastructure, making it easier for customers to deploy ECM solutions.

Open Text also discussed integration with SAP® and Microsoft platforms and highlighted several related product offerings that are currently available. The Company profiled its strategy to compliment and leverage its customers primary IT investment in SAP and Microsoft, and demonstrated how Open Text solutions leverage a customer s investments in both back office ERP systems and desktop integration.

Advances in its partnership with SAP® included an overview of messaging presented by SAP executives at the Open Text LiveLinkUp Annual Users Conference. More than 60% of all of Open Text customers now use SAP integrated ECM solutions offered by Open Text, representing over 2500 joint customers worldwide.

The Company also profiled recent advances in its ECM partnership with Microsoft, including tighter desktop and platform integration with Open Text business solutions "Open Text is the largest Microsoft partner with a global ECM solutions delivery capability," said Tom Jenkins, Executive Chairman and Chief Strategy Officer of Open Text. "I think you will see quite a lot of activity around this in the coming year."

"Working with Microsoft and other vendors we have the best deployment capability and the best way to give comfort to large companies that want to deploy on a global basis, said Kirk Roberts, Executive Vice President of Products.

Open Text executives also profiled the operational strategy for the coming year and discussed the Company s commitment to profitability.

"If we look at the priorities going forward the key focus for us will be on profitability," said John Shackleton.

During the meeting, in response to a question, John Shackleton indicated that in his personal view, assuming the Company meets consensus analyst estimates expectations, the market price of the Company s shares should reach $20.00 per share in the next two quarters (subsequently clarified to have been a reference in Canadian dollars).

A replay of the call is available beginning December 15, 2005 at 1:30 p.m. ET through 11:59 p.m. on December 29, 2005 and can be accessed by dialing 416-640-1917 and using pass code 21166092#.

For more information or to listen to a replay of the call via Web cast, use the following link: www.opentext.com/events/event.html?id=5426595

To download the AGM Corporate Presentation materials, use the following link: www.opentext.com/investor/presentations.html

Within 2 business days, a complete transcript of the corporate presentation made by management of the Company, including the question and answer session held at the meeting, will be made available at www.opentext.com/investor/presentations.html

About Open Text

Open Text is the leading independent provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the Company supports almost 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com.

Trademark

Copyright © 2005 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.

Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ( forward-looking statements ). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Open Text, or developments in Open Text s business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking information includes all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Open Text cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements relate to, among other things, the future operating performance of Open Text; the future market price of Open Text s common shares; Open Text s strategic partnerships with third parties; Open Text s strategy for its products and solutions; changes in the ECM market; the market focus of Open Text; Open Text s profitability; and Open Text s operations priorities. The risks and uncertainties that may affect forward-looking statements include, among others, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of Open Text's customers, demand for Open Text 's products and other risks detailed from time to time in Open Text's filings with the Securities and Exchange Commission, including Open Text's Annual Report on Form 10-K for the year ended June 30, 2005 and the Quarterly Report on Form 10-Q for the quarter ended September 30, 2005. Forward-looking statements are based on management s current plans, estimates, projections, beliefs and opinions, and the Company does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.

For more information, please contact

Alan Hoverd
Chief Financial Officer
Open Text Corporation
+1-905-762-6222
ahoverd@opentext.com

Anne Marie K. Schwartz
Director, Investor Relations
Open Text Corporation
+1-617-378-3369
aschwartz@opentext.com

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