Open Text Acquires PSSoftware

Open Text Broadens Document Management Capabilities with Records Management Pioneer

Waterloo, ON - 1999-08-26 - Open Text Corporation (NASDAQ:OTEX; TSE:OTC) today announced it has acquired all of the shares in PSSoftware® Solutions Ltd. (PSS). PSSoftware, located in Ottawa, is one of the original records management companies.

"The agreement with PSSoftware will broaden our document management capability by providing Livelink® users with more advanced records management, for full life cycle management of electronic documents," says Tom Jenkins, Chief Executive Officer of Open Text Corporation. "With this acquisition, we are pleased to join the Canadian Government s RDIMS project specifications through PSS. We believe Livelink will bring significant enhancements to this application, as well as other applications presently delivered by PSS to its customers."

"Our integration with Open Text is a major opportunity for PSS customers. It brings records management into the mainstream of technology and provides the large-scale capabilities that our clients are looking for." says David Gibbard, Chief Executive Officer of PSSoftware.

As part of the merger, Open Text will create a records management division led by David Gibbard.

PSSoftware, a leader in records management for more than 14 years, has pioneered many of the concepts and standards for document life cycle management in existence today. PSSoftware has more than 12,000 users in more than 250 installations throughout North America and Europe.

About PSSoftware

With an international client base of more than 12,000 corporate and government users, PSSoftware has proven itself to be an industry-leading provider of integrated records management solutions. PSSoftware s solutions add value to corporate information by managing the risk associated with increased audit, regulatory and litigation pressures. PSSoftware supports its clients through a dedicated team of sales and technical professional and through a network of partners who provide value added solutions based on RIMS .

Release Disclaimer

Copyright © 1999 by Open Text Corporation. Livelink is a registered trademark, and Open Text and HyperInnovation are trademarks of Open Text Corporation. PSSoftware is a registered trademark and RIMS is a trademark of PSSoftware Ltd.

For more information, please contact

Margaret E. Dobbin
Director, Industry Analyst Relations
Open Text Corporation
+1-519-888-7111 ext.2410
mdobbin@opentext.com

Sarah Burns
High Road Communications
(416) 368-8348
sburns@highrd.com