Open Text Corporation
NASDAQ : OTEX
TSX : OTC

Open Text Corporation

September 27, 2005 16:38 ET

Open Text Files Annual Report on Form 10-K and Achieves SOX Certification

WATERLOO, ONTARIO--(CCNMatthews - Sept. 27, 2005) - Open Text™ Corporation (NASDAQ:OTEX)(TSX:OTC), the leading independent provider of enterprise content management (ECM) software, today announced that the audit of its fiscal year 2005 financial statements and its audit of the Company's internal control over financial reporting as required by Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX") have been finalized. The Company today filed its Annual Report on Form 10-K containing its audited fiscal 2005 financial statements, with an unqualified report from its independent registered public accounting firm on the effectiveness of internal controls over financial reporting under SOX 404.

To view the Annual Report on Form 10-K, please visit the website of the United States Securities and Exchange Commission at: www.sec.gov/edgar.shtml.

About Open Text

Open Text™ is a 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from those anticipated. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements relate to, among other things, the future performance of Open Text, the Company's position in the market and future opportunities therein, and the benefits of the Company's products to be realized by customers. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. The risks and uncertainties that may affect forward-looking statements include, among others, the failure to develop new products, risks involved in fluctuations in currency exchange rates, delays in purchasing decisions of customers, 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, demand for the Company's products and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K for the year ended June 30, 2005. 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 obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.

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