Waterloo, ON - 2000-07-20 - b2bScene™, a division of Open Text™ Corporation (Nasdaq: OTEX, TSE: OTC), today announced that e-STEEL Corporation, the leading negotiation-based, B2B e-Commerce marketplace for the global steel industry, has selected b2bScene to host its collaborative extranet. The extranet allows e-STEEL to collaborate with a major global business partner for an international e-Commerce project.

b2bScene's extranet solution unites an organization with its partners, suppliers and customers in a secure hosted environment. Collaborative tools such as virtual project workspaces, discussions, tasks, document management and group scheduling allow organizations to develop and strengthen business-to-business relationships. Using Livelink®, the leading collaborative e-business application from Open Text, b2bScene offers e-STEEL a secure hosted environment for external collaboration while maintaining data security and integrity within their corporate firewall.

“b2bScene expedites our project collaboration with a major global business partner for our international e-Commerce project.” said Adrianna Paradiso, Director of Relationship Marketing, e-STEEL. “Its Web-based document management system enables e-STEEL and its partner to access and share the most current project information across time zones. We have enthusiastically embraced b2bScene for its facilitation of project coordination,” Paradiso added.

“b2bScene recognizes that successful exchanges and marketplaces must offer a collection of integrated community, content, collaboration and commerce services,” said Kirk Roberts, President, b2bScene. “By using b2bScene’s collaborative Web-based services, e-STEEL benefits from enhanced communication with its partners in a secure collaborative environment.”

"Collaborative facilities that enhance partner relationships - and add value to transactional services - are critical to the evolution and success of Net markets," said David Yockelson, SVP and Director of Electronic Business Strategies at the META Group. "Business collaboration, including document and content management, process automation and project services, and community building capabilities, is a key element for any business-to-business relationship."

New York City-based, e-STEEL Corporation (www.e-steel.com) is the leading negotiation-based, neutral e-Commerce marketplace for prime and secondary steel products serving the $700 billion global steel industry. Its electronic commerce solution web site unites steel buyers and sellers and provides an array of resources for sales and purchasing professionals throughout the steel industry. Nearly 3,000 companies, from 90 countries have become members of e-STEEL, representing all of the key segments of the complex steel value chain. Founded in September 1998, e-STEEL has 130 employees and additional offices in Chicago, Pittsburgh, Detroit, Atlanta, Brussels, Tokyo, and Singapore. e-STEEL is backed by a blue-chip group of strategic investors led by Goldman Sachs & Co. Recently, e-STEEL also completed significant strategic alliances with Ford Motor Company, U. S. Steel, Dofasco Inc., Ispat International, National Steel, Worthington Steel, Rouge Steel and UPI.

b2bScene, a division of Open Text Corporation, is a premier Online Solution Provider offering a suite of hosted services to stimulate and promote successful business-to-business interaction and collaboration between an organization's partners, customers and employees within public and private online business communities. A collection of integrated community, content, collaboration and commerce services help b2bScene's customers improve the quality, speed and efficiency of each transaction, process and interaction through deeper and stronger business-to-business relationships.

Open Text has pioneered the development of innovative intranet, extranet and e-business applications. Since creating one of the first search engines to index the World Wide Web, the Company has remained at the forefront of Internet-based technologies. Today, Open Text solutions allow individuals, teams, organizations, and global trading communities to collaborate on projects, share ideas and accelerate innovation to the fastest possible speed. We call it HyperInnovation™ and it is already a major factor in the success of leading Global 2000 organizations. Open Text has become the largest supplier of collaborative, Web-based e-business applications for the enterprise, with over 3.5 million users in 31 countries, speaking 12 languages throughout the world. For more information, visit www.opentext.com.

Livelink is a highly scaleable e-business application. Its richly-featured enterprise services include virtual team collaboration, business process automation, enterprise group scheduling and information retrieval services, all tightly integrated into a solution that is easily customized and extended. Livelink is essential to the effective management and development of communities of interest that span organizations and industries. For everything from the creation of complex e-community relationships to the automation of simple e-business processes, Livelink delivers true dynamic collaboration between individuals, organizations, and large trading communities. Livelink servers are fully Web-based and open-architected to ensure rapid deployment and easy access to its full functionality through a standard Web browser.

Copyright © 2000 by Open Text Corporation. Livelink, 'Effective Solutions. Driven By Vision. Powered By Innovation.', HyperInnovation, b2bScene, and Open Text are trademarks or registered trademarks of Open Text Corporation. This list is not exhaustive. Other product and company names herein may be trademarks of their respective owners.

This news release may contain forward-looking statements relating to the future performance of b2bScene, the deployment of Livelink and myLivelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in 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 and other risks 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 years ended June 30, 1997, June 30, 1998, and June 30, 1999, and Form 10-Q for the quarters ended September 30, 1999, December 31, 1999 and March 31, 2000. Forward-looking statements 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.

Hugh Scholey
Account Executive
High Road Communications
416-368-8348
hscholey@highroad.com

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