Open Text Appoints Geac Computer Corporation Vice-Chair Stephen J. Sadler to Board of Directors
Waterloo, ON - 1997-10-21 - -- Open Text Corporation (NASDAQ:
OTEX) today announced the appointment of Stephen J. Sadler, Vice
Chairman of one of Canada's fastest growing information technology firms
and a leading specialist in mergers and acquisitions, to its Board of
Directors.
"Stephen brings an enormous wealth of experience and credibility to Open
Text, further building on our recent additions to the senior management
team," said Tom Jenkins, Chief Executive Officer, Open Text Corporation.
"In addition to joining our Board, Stephen will also be advising me and the
Board of Directors of Open Text on acquisitions."
"Stephen was President & CEO of Geac Computer Corporation Limited
until last year when he took on the Vice Chairman position to concentrate
on acquisitions. Much of Geac's growth has been accomplished through a
series of strategic acquisitions and mergers under Stephen's direction. We
are looking to Stephen to assist Open Text in a similar, fast-growth
strategy," added Jenkins.
"I am excited about joining the Open Text Board of Directors and learning
more about their best of breed technology for intranets," said Stephen
Sadler.
Release Disclaimer
This news release may contain forward-looking statements relating to the future performance of Open Text Corporation. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the company's initial public offering of common stock in January 1996, Form 10-K for the year ended June 30, 1997, and Form 10-Q for the quarters ended September 30, 1997, and December 31, 1997. Note to Editors: Livelink Pinstripe, Livelink 8, Livelink Search, Livelink Library, Livelink Workflow and Livelink Project Collaboration are trademarks of Open Text Corporation. All other trademarks are the property of their respective companies.
For more information, please contact
Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com