Open Text Corporation

Open Text Corporation

March 07, 2005 09:24 ET

Open Text Joins Internet Law & Policy Working Group Focused on Compliance and Information


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: OPEN TEXT CORPORATION

TSX SYMBOL: OTC
NASDAQ SYMBOL: OTEX

MARCH 7, 2005 - 09:24 ET

Open Text Joins Internet Law & Policy Working Group
Focused on Compliance and Information

CHICAGO, ILLINOIS--(CCNMatthews - March 7, 2005) - Open Text™
Corporation (NASDAQ:OTEX)(TSX:OTC), the world's largest provider of
Enterprise Content Management (ECM) software, today announced it has
joined the Compliance and Management of Electronic Information (CMEI)
Working Group. Together with several leading technology vendors, Open
Text will help develop a global, cross-industry framework that will help
customers manage electronic information for regulatory compliance. The
news was announced today in a joint release issued by the CMEI vendors
and the Internet Law & Policy Forum
(http://www.ilpf.org/about/2005Mar07.htm).

Open Text offers software solutions that manage online content for a
broad range of regulatory compliance standards globally, including
corporate governance laws and regulations in industries such as
pharmaceuticals, financial services, healthcare, energy and others. Open
Text's compliance solutions, offered through its Livelink ECM suite,
include document lifecycle management, business process management,
records management, e-mail management and more.

"The CMEI Working Group offers an excellent opportunity for technology
providers to work together to help customers with compliance
management," said Bill Forquer, Executive Vice President of Marketing at
Open Text. "We look forward to participating in CMEI and to contributing
our expertise in applying ECM software to compliance standards in many
industries."

The CMEI Working Group will develop and publish best practices,
checklists and summaries of legal and regulatory requirements to provide
compliance guidance. Additionally, the group will hold a series of
forums where technology vendors, regulated entities, government leaders
and policy experts can discuss the impact of law on end users and
develop recommendations and guidelines that will facilitate compliance
while allowing companies to continue effective business operations.

"We are glad to bring this group of industry leading companies together
to tackle one of the most pressing challenges facing business today,"
said Andrew Konstantaras, Executive Director, Internet Law & Policy
Forum. "Working together, this group can facilitate discussion around
compliance processes and deliver more effective compliance solutions to
their customers."

Open Text joins Hitachi Data Systems, HP, Network Appliance, Oracle,
Plasmon, Sun Microsystems and VERITAS Software Corporation to provide
guidance on best practices for compliance with information retention and
maintenance regulations. Additionally, the group will work with public
and private sector representatives to improve collaboration between
business, technology and regulatory bodies.

For more information about the CMEI Working Group and to join the
listserv, please fill out the information at:
www.ilpf.org/CMEI-Signup.html.

About ILPF

Founded in 1995, the Internet Law and Policy Forum (ILPF) is dedicated
to the sustainable global development of the Internet by bringing law,
policy, business sand technology together as it addresses some of the
most critical issues facing the Internet. The ILPF is an international
nonprofit organization whose member companies develop and deploy the
Internet in every aspect of business today. Through its conferences,
working groups, and expert workshops, the ILPF provides a neutral forum
and international perspective in order to discover best practices and
develop practical solutions for the multi-faceted challenges posed by
the Internet. For more information, please see www.ilpf.org.

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.

-30-

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