Open Text s Records Management Solutions Earn Highest Possible Rating in Leading Analyst Firm s Study

Report Sees Growth in Records Management Driven by Compliance

Chicago, IL - 2006-02-23 - Open Text Corporation (Nasdaq: OTEX, TSX: OTC), a leading provider of Enterprise Content Management (ECM) software, said today that its records management solutions earned the highest possible rating a Strong Positive -- in Gartner, Inc. s (NYSE: IT) MarketScope for Records Management, 2005*, co-authored by Kenneth Chin and Debra Logan. Released in December, the study covered solutions from 14 companies--Open Text was one of four to receive the highest possible rating.

The study provided a comprehensive look at the state of the market for records management solutions today. By 2008, the study says that 60 percent of all Global 2000 companies will implement enterprise-wide records management solutions, up from 20 percent in 2004, and that legal discovery needs will become the primary driver for records management. Gartner estimates that the worldwide records management market was $190 million in software license and maintenance revenue in 2004, and expects to see a five-year compound annual growth rate (CAGR) of 25 percent.

According to the report, The future for records management is increased integration with e-mail active archiving, compliance and e-discovery applications. As records management requirements and the diversity of applications and content repositories expand, policy-driven records management will become the norm. Vendors that have a portfolio of ECM, e-mail archiving and compliance/discovery products will have a significant advantage over those that only have a stand-alone records management solution.

We consider Gartner s analysis of the records management market to be dead-on -- regulatory and legal requirements are continuing to drive records management among our customers, said Mark Portu, Vice President of Compliance Solutions at Open Text. We are proud of the high rating we received in the report. We have continued to build our records management offering and integrate it with the systems in place at organizations today. Records management is imperative to the consistent application of rules across e-mails and documents in many different systems which is critical for compliance and risk management in today s global organizations.

Open Text s records management solutions offer fundamental capabilities to manage compliance in global organizations. The solutions can be integrated with Open Text s content archiving and search capabilities to provide comprehensive, compliance driven retention and disposition rules to content across the enterprise, and to support legal discovery. Open Text s solutions can extend records management to content in Microsoft SharePoint Portal Server 2003, e-mail systems, such as Microsoft Exchange and Lotus Domino, and more. Customers can use Open Text s records management solutions with multiple storage platforms from EMC, Hitachi Data Systems, StorageTek, Network Appliance, HP, Sun Microsystems and IBM.

Open Text s records management solutions are among the industry s most advanced and widely tested records management offerings. Open Text s solutions are certified under the U.S. Department of Defense s 5015.2 certification program, an important qualification for records management solutions used by U.S. Federal agencies, and also considered important among corporate buyers. The solutions were the first to receive Chapter 4 Classified Records certification from the Department of Defense. The solutions have also been approved by the UK Government s National Archives electronic records management systems (ERMS) program.

For a full copy of the report, go to www.gartner.com

For more information on Open Text s records management solutions, go to: http://www.opentext.com/solutions/platform/records-management/

About Open Text

Open Text is a leading independent provider of Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Today, the company supports 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.

*The MarketScope is copyrighted December 15, 2005 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Trademark

Copyright © 2006 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

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 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. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, 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 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 Form 10-K for the year ended June 30, 2005. 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

Brian Edwards
McKenzie Worldwide
+1-503-577-4583
briane@mckenzieworldwide.com

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