Open Text Corporation

Open Text Corporation

March 14, 2005 09:25 ET

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


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: OPEN TEXT CORPORATION

TSX SYMBOL: OTC
NASDAQ SYMBOL: OTEX

MARCH 14, 2005 - 09:25 ET

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

MUNICH, GERMANY--(CCNMatthews - March 14, 2005) - Open Text™
(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™ 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.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE 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