St. Gallen, Switzerland - 2000-08-24 - Open Text™ Corporation, a worldwide leader of collaborative commerce software for e-business, today announced that "Holderbank", one of the world's leading suppliers of cement, aggregates and concrete, has chosen Open Text's Livelink® for its worldwide collaborative knowledge management solution. "Holderbank" is deploying Livelink to support the virtual collaboration of its international project teams and to enable its employees working in more than 70 countries around the globe to develop existing and emerging enterprise data.

"Holderbank" Management and Consulting Ltd., backed by "Holderbank" Engineering Canada Ltd., performs an important function in the Group-wide transfer of know-how. Acting as a service center, it provides research, engineering, consulting and management activities throughout the enterprise, covering all of the fields relevant to "Holderbank's" complete product range. Some years ago, “Holderbank” Management and Consulting Ltd. implemented a group-wide intranet called "HolderSpace", designed to maintain its competitive edge in the efficient sharing and exchange of knowledge.

Further developing the company’s knowledge repository, “Holderbank” deployed Livelink to promote the worldwide exchange of successful practices and optimize technical reporting throughout the Group. With servers running in Switzerland and the United States, Livelink was implemented within “Holderbank” as and enterprisewide intranet co-exiting with other intranets already set up in the various subsidiaries. Livelink’s powerful and easy-to-use content and project management features allow the Group's employees to access and deploy the organization's wealth of knowledge worldwide, developing and improving production processes in a continuous benchmarking.

During "Holderbank's" evaluation process, Open Text's Livelink and two other popular collaborative knowledge management solutions were considered. "Of the three collaborative solutions we assessed, Open Text's Livelink was the best choice for our organization," stated Hans Gotsch, Senior Consultant, “Holderbank” Switzerland, "Holderbank" Management and Consulting AG. "We were impressed with the powerful and easy-to-use content management functionality of the Livelink Explorer Module. In addition to Livelink's virtual team features and lower customization requirements, Open Text also demonstrated that Livelink provides a viable standard interface to "Holderbank's" comprehensive Lotus-Notes databases."

Currently, "Holderbank" employs more than 40,000 people worldwide. Its network of holdings, located in more than 70 countries, incorporates a balanced mix of companies based in industrialized nations as well as emerging markets. Livelink bridges the gaps between such geographically dispersed offices and enables users to share knowledge more efficiently.

"We are pleased that Holderbank chose Livelink as its enterprise-wide collaborative knowledge management standard," said Andrew Pery, Vice President of Global Marketing, Open Text. "The Group's individual holdings no longer need to be responsible for their own knowledge management. By providing access to a single repository of knowledge regardless of time or location, Livelink enables the Group to respond swiftly to rapidly changing markets, improving productivity and quality of service. Livelink is well positioned to support the benchmarking and quality management processes crucial to the manufacturing industry."

Today "Holderbank" has holdings in over 70 countries on all continents and employs approximately 40000 people. "Holderbank's" key products are cement and aggregates (gravel and sand) - the raw materials used in the production of concrete. On consolidated net sales of CHF 12.194 billion, "Holderbank" reported a Group operating profit of CHF 1.706 billion and a consolidated net income after minority interests of CHF 795 million.

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 and extranet ebusiness 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. It's product family called Livelink enables individuals, teams, organizations, and global trading communities to collaborate on e-business applications that facilitate e-commerce and other transactions among Global 2000 organizations. Open Text has become one of the largest providers of Web based collaboration for e-business applications for e-communities of all types from intranets to extranets and public groups. The Livelink product family has over 4 million users in over 4,000 installations in 31 countries, speaking 12 languages throughout the world. For more information, visit www.opentext.com.

Copyright (C) 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.

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