PayStream Advisors Study Cites Open Text Leadership in Accounts Payable

New Imaging and Workflow Automation Study Evaluates Open Text AP Offerings for Use With Solutions from Oracle and SAP

Chicago, IL - 2008-09-22 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), a global leader in enterprise content management (ECM), today announced that an imaging and workflow automation study by PayStream Advisors concludes that Open Text has emerged as a clear market leader in accounts payable (AP) content management solutions for use with solutions from Oracle and SAP AG. According to the report, Open Text s AP solutions help customers significantly lower cost-per-invoice processing, reduce invoice processing time, and slash invoice resolution time, thus freeing finance department personnel to pursue more strategic activities.

PayStream Advisors is a specialized consultancy that provides third-party research, technology vendor consultation and corporate consultation, covering areas such as risk assessment, and solutions options implementation preparation.

For this report, PayStream Advisors analyzed Open Text s Livelink ECM Accounts Payable Extensions for Oracle and Livelink ECM Vendor Invoice Management (VIM) for use with SAP® solutions. The report states: Each of the Livelink solutions feature advanced ECM functionality, and, as integrated modules or as individual stand-alone platforms, deliver best-of-breed document management, collaboration, records management, archiving, imaging, report management, digital asset management, advanced workflow, business process management, information retrieval, and web content management.

On the Livelink ECM Accounts Payable Extensions for Oracle, the report states: "The AP Extension platform vastly improves upon Oracle s user interface, reporting tools, and core business processing, while incorporating next-generation technologies such as XML data modulation, BPEL, and three-way match. The end-result is increased business-intelligence, top-to-bottom visibility, and the transformation of AP as strategic for working capital optimization.

On the VIM solution, PayStream Advisors found that using VIM, AP personnel can focus on value-added activities. Open Text s Vendor Invoice Management tool goes far beyond the proverbial tip of the iceberg' of AP automation, i.e. reducing headcount, offering a suite of functionality that drives strategic working-capital decisions. Rapid rollout and high acceptance rates, in addition to the solution s service oriented architecture, create rapid ROI and facilitate spend and cash visibility, thus enabling further improvements, customizations, and optimizations. Adopters see reduced duplicate and late payments, while improving vendor relations, opportunities for outsourcing, and strategic working capital.

As a final impression, the report concludes: Open Text is a strong player in the Enterprise Content Management marketplace, and clearly sees product innovation as the key to maintaining its position. As Oracle s Fusion continues to evolve, Open Text and its customers will clearly reap the benefits of integrating and adapting to the new architecture. Both solutions readily demonstrate Open Text s expertise in content management. Given the strength of its solutions for SAP and Oracle ERP applications, Open Text has emerged as a market leader in AP.

Given the current economic conditions and increased competitive pressures from globalization and other factors, it behooves companies to look for every opportunity to lower costs and improve operations, said Kirk Roberts, President, Integrated ECM Operating Group at Open Text. Getting a handle on all the unstructured content surrounding an Oracle or SAP solution-based AP system and automating AP workflows, as PayStream Advisors research suggests, offers rapid payback on investment and long-term efficiencies for the enterprise.

To obtain the full report, go to: opentext.com/2/landing-leadership-accounts-payable.htm?WT.mc_id=NA41480858. For more information on Open Text AP solutions go to: http://www.opentext.com/2/sol-business/sol-bus-finance/sol-bus-finance-accounts-payable.htm

Open Text at Oracle OpenWorld 2008
Open Text will be showing its ECM solutions for Oracle at Oracle OpenWorld 2008 this week in San Francisco in booth #3424, West Exhibit Hall. For more information, go to: www.opentext.com/2/ex_event.html?evtype=events&id=70120000000ANvAAAW

About Open Text
Open Text, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 46,000 customers and millions of users in 114 countries. Working with our customers and partners, we bring together leading Content Experts to help organizations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness. For more information, visit www.opentext.com.

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, 2008. 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.

Copyright © 2008 by Open Text Corporation. LIVELINK ECM 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.

For more information, please contact

Richard Maganini
Open Text Corporation
+1-847-267-9330 ext.4266
rmaganin@opentext.com

Stephanie Dodge Fazio
Open Text Corporation
519-888-7111, x2429
sdodge@opentext.com

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