Open Text Investing $225 Million in Ontario for Product Innovation, Jobs in Waterloo, Richmond Hill and Ottawa

Ontario Government Announces $33.75 million Next Generation of Jobs Grant for Open Text Initiative

Toronto, ON - 2010-03-04 - Open Text Corporation (NASDAQ: OTEX, TSX: OTC), Canada's largest software company and a global leader in enterprise content management (ECM), today announced it will spend $225 million over the next five years on product innovations and related job creation at its Waterloo, Richmond Hill and Ottawa locations. At a press conference this morning, Ontario Minister of Economic Development and Trade Sandra Pupatello unveiled a $33.75 million contribution to Open Text's initiative from the province's Next Generation of Jobs Fund.

"As a proudly Canadian company, we're pleased to announce this investment in a long-term growth strategy for our operations in Ontario," said John Shackleton, President and Chief Executive Officer of Open Text. "One of the drivers for this investment is the digital media sector which offers opportunity for growth and innovation. The provincial government's support of this initiative is an investment in Ontario's long-term prosperity and we're pleased to collaborate in this effort."

Open Text's plans will include almost 400 job opportunities at the company's Ontario offices in Waterloo, Richmond Hill and Ottawa. Innovations driven by new Research and Development (R&D) efforts in green computing, mobile applications and high-performance systems will help Open Text continue its successful track record in the growing ECM market which is expected to have a valuation of $9.3 billion globally by 2014 (Content Management Market Shares Strategies, and Forecasts, 2008 to 2014, Winter Green Research http://tinyurl.com/yaaz3rg).

"This is a strategic investment that anchors Open Text's operations in the province and furthers Ontario's reputation as a leader in digital media and information and communications technology. We're proud to support Open Text's latest investment that creates high-value jobs for Ontario families," said Minister Pupatello.

The Open Text announcement was made by Tom Jenkins, Executive Chairman and Chief Strategy Officer at Open Text, who has been a champion for digital media and a proponent of advancing Canada's digital economy through increased talent, technology and creative investment. Open Text's investment will not only benefit technology innovation and employment, but will also benefit the environment given digital storage reduces or eliminates wasteful printing and storage requirements.

"Our government knows that going forward, the jobs and skills of tomorrow will be different than yesterday's. Supporting innovative companies like Open Text is part of our government's plan to create a knowledge economy that future generations can build on - and rely on," said John Milloy, Ontario's Minister of Research and Innovation and MPP for Kitchener-Centre.

MPPs Reza Moridi and John Wilkinson, who both represent ridings in Ontario where Open Text has offices, offered congratulations on the expansion announced today.

About Open Text
Open Text, the Enterprise Content Management leader, helps organizations manage and gain the true value of their business content. Open Text brings two decades of expertise supporting 100 million 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 Harbour Statement under the Private Securities Litigation Reform Act of 1995
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on the Open Text's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. Open Text's assumptions, although considered reasonable by the company at the date of this press release, may provide to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see the Open Text's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, Open Text disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright © 2010 by Open Text Corporation. OPEN TEXT and the OPEN TEXT ECM SUITE 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
1-847-961-0662
rmaganin@opentext.com

Stephanie Fazio
Open Text Corporation
519-888-7111 ext.2429
sfazio@opentext.com