Frankfurt, Germany - 2000-07-11 - Open Text™ Corporation, the leading provider of collaborative intranet, extranet and e-business applications, today announced that VICTORIA-Versicherungsgruppe has chosen to deploy Open Text’s Livelink® solution for its enterprise-wide collaborative knowledge management application.

VICTORIA-Versicherungsgruppe, one of Germany’s largest insurance companies with over US $5 billion in annual premiums, chose Livelink to manage paperless workflows and internal resources, enabling enterprise-wide virtual team collaboration and knowledge sharing among its employees and external partners.

As part of its product assessment, VICTORIA-Versicherungsgruppe required a complex set of criteria to be fulfilled, ranging from a fully Web-based product, decentralized user permission administration and an integrated workflow system, to an interface to Microsoft Exchange and Outlook, support of NT and SQL-servers, high scalability and push technologies. Further requirements included a minor investment effort and the ability for employees to work together in virtual teams.

“A key-factor leading to the decision in favor of Open Text’s collaborative knowledge management solution was Livelink’s highly scalable, out-of-the-box functionalities,” said Hans-Gerd Spehl, Project Manager Intranet of the VICTORIA-Versicherungsgruppe. “We are very confident that Livelink will enable us to reach our goal of increasing overall productivity. Our first experiences with Livelink clearly demonstrate that we are on the right track.”

"We are pleased that VICTORIA-Versicherungsgruppe has chosen Livelink to meet its objective to increase efficiency by speeding up workflows and improving the teamwork of groups and departments,” said Andrew Pery, Vice President, Global Marketing at Open Text. "Gaining another important customer in the insurance industry in Central Europe clearly underlines our commitment to this vertical market.”

With a contribution of 10.6 billion DM in premiums and a profit of 233 billion DM in 1999, VICTORIA-Versicherungsgruppe is one of Germany’s largest insurance companies. VICTORIA Versicherung AG, a part of the VICTORIA-Group, includes third party, accident and motor vehicle insurance, and also runs the various branches of property and transport insurance. The VICTORIA-Group also consists of the following companies: VICTORIA Lebensversicherung AG, VICTORIA Krankenversicherung AG, VICTORIA Rückversicherung AG, VORSORGE Lebensversicherung AG, VICTORIA International AG and D.A.S. (Deutscher Automobilschutz Allgemeine Rechtsschutz-Versicherung AG). Since 1988, VICTORIA-Group is part of the ERGO-Versicherungsgruppe AG, Germany’s second largest insurance company, which has an annual premium volume of 21 billion DM and employs more than 42000 people. The companies united under the ERGO-umbrella – VICTORIA, D.A.S., Hamburg-Mannheimer-Gesellschaften and DKV – retain their brand identity and products on the market and are solely responsible for operations. ERGO, the executive/leading holding company, is responsible for the strategic orientation and acts as a mediator on the money market.

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.

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.

Copyright © 2000 by Open Text Corporation. Livelink 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 deployment of Livelink 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, 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.

Meagan Ross
Public Relations Coordinator
Open Text Corporation
519-888-7111
mross@opentext.com

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