German Banking Giant NORD/LB Chooses ECM Solution from Open Text

    News Editors

    MUNICH, Germany--(BUSINESS WIRE)--March 14, 2005--Open Text(TM) (NASDAQ:OTEX)(TSX:OTC), the world's largest provider of Enterprise Content Management (ECM) software, announced today that German bank Norddeutsche Landesbank (NORD/LB) has chosen Open Text's Livelink to provide a full range of ECM capabilities to support its new staff information portal.

    NORD/LB is a global banking giant based in Hanover, Germany, with more than 200 billion Euros in assets and about 9,500 employees. The bank chose its Open Text solution for two reasons: The ability to integrate Open Text's software with its existing IBM WebSphere IT architecture; and, secondly, the bank's experience with the services provided by Open Text during the development of the bank's Website two years ago.

    With the new system, staff at NORD/LB will have access to a centralized, Web-based and customizable information system that is easy to maintain. The company expects the new system to improve communication and knowledge transfer within the organization, once it's deployed by the end of the year. The solution will be developed and implemented by NORD/LB subsidiary NORD/LB Informationstechnologie GmbH, in cooperation with Open Text.

    The new system will offer a central place for all important information, and provide the tools to distribute and publish information in a more targeted manner within the bank. Information such as behavioral and organizational guidelines can be kept up to date and made available to employees as needed through the system, and staff will have access to search capabilities so that they can find the information they need quickly. In the future, the bank will integrate new applications in the portal to create a standard working approach for its staff.

    The solution consolidates all existing information systems on Livelink, providing an integrated, formula-based user interface which allows XML-based content, Microsoft Office documents and PDFs to be easily maintained. Authorized staff can enter Web content and publish it on the intranet without any technical knowledge or the need to worry about layout.

    When NORD/LB decided to update its Website in 2003, it opted for a content management system from Open Text. The bank's positive experience with the content management system and the full integration of Livelink in the IBM application and portal server were decisive factors in again selecting Open Text for the bank's broader ECM requirements.

    "We have been successfully using the content management solution for the NORD/LB Website for many years," said Volker Nagy, Head of NORD/LB IT Strategy and Operations and CEO of NORD/LB Informationstechnologie GmbH. "With the integration of Livelink in the NORD/LB staff portal, NORD/IT and Open Text can create a sophisticated technical solution that enables us to provide the staff of NORD/LB with targeted and personalized information for the bank's business processes in a central location in the staff portal."

    "We are very pleased that NORD/LB will continue to rely on Open Text," said Hartmut Schaper, Senior Vice President of Research and Development at Open Text. "The new portal is providing the bank's staff with a centralized information tool which guarantees them access to the most up-to-date knowledge at all times and will significantly increase knowledge transfer within the bank. It's an example of the kinds of powerful solutions we are delivering by combining our content and collaboration services with application portals from leading vendors such as IBM."

    About Open Text

    Open Text(TM) is the market leader in providing Enterprise Content Management (ECM) solutions that bring together people, processes and information in global organizations. Throughout its history, Open Text has matched its tradition of innovation with a track record of financial strength and growth. Today, the company supports almost 20 million seats across 13,000 deployments in 114 countries and 12 languages worldwide. For more information on Open Text, go to: www.opentext.com

    This news release may contain forward-looking statements relating to the success of any of the Company's strategic initiatives, the Company's growth and profitability prospects, the benefits of the Company's products to be realized by customers, the Company's position in the market and future opportunities therein, the deployment of Livelink and our other products by customers, and future performance of Open Text Corporation. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Forward-looking statements in this release are not promises or guarantees and 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 Form 10-K for the year ended June 30, 2004. You should not place undue reliance upon any such forward-looking statements, which 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.

    Copyright (C) 2005 by Open Text Corporation. LIVELINK and OPEN TEXT 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.

    Open Text Corporation (TSX:OTC) (NASDAQ:OTEX)

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CONTACT: Open Text Corporation Margaret Dobbin Director, Industry Analyst Relations +1-519-888-7111 ext.2410 mdobbin@opentext.com OR Open Text Corporation Richard Maganini Director, Corporate Communications +1-847-267-9330 ext.4266 rmaganin@opentext.com

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