Open Text Partners with the University of Waterloo to Create Leading Institute for Web 2.0 and Digital Media



    Company's Support Will Create the Open Text Centre for Digital Media
    Research, Uniting Students, Educators and Professionals in Research and
    Innovation

    Location in Arts Community of Stratford Will Bridge the Worlds of
    Business, Art and the Internet

    WATERLOO, ON, March 27 /CNW/ - Open Text(TM) Corporation (NASDAQ:   OTEX,
TSX: OTC), a global leader in enterprise content management (ECM), today
announced a partnership with the University of Waterloo to create one of the
world's largest centres dedicated to research and innovation in digital media
and Web 2.0 for business, government and cultural applications.
    Under the plan, Open Text will contribute funding, technology and
services for the development of the Open Text Centre for Digital Media
Research. As part of its commitment, Open Text will provide its executives and
thought leaders as contributing faculty, sharing their experience in the
classroom. The Centre will be dedicated to research projects and
commercialization of ground-breaking software applications, giving students an
opportunity to apply their ideas to real-world business opportunities.
Programs at the Centre will focus on creating graduates that combine business
knowledge, with computer science and artistic content creation.
    The Centre will be part of graduate and undergraduate programs offered at
the University's Stratford Institute, a proposed new centre for education and
research to be located in Stratford, Ontario, a well-known art, music and
theatre community. The location provides a unique setting that will bring the
worlds of business, art and the Internet together in an environment focused on
creating innovative new software applications.
    "From Facebook to YouTube to Wikipedia, we are witnessing a revolution in
the way consumers socialize, share knowledge and harness collective
intelligence," said Tom Jenkins, Executive Chairman and Chief Strategy Officer
for Open Text. "But we've only just begun. There's enormous potential to build
on what's been created so far, and apply these new technologies to business,
government and culture in new and exciting ways. Through our partnership with
the University of Waterloo, we're planting the seeds of that innovation right
here in the Waterloo Region."
    Jenkins adds, "The Open Text Centre will combine the experience and
knowledge of academic and business leaders with the energy and creativity of a
new generation. It gives Open Text a direct role in building a highly skilled
workforce and R&D leadership right here in our community, and helps secure
Waterloo's position as one of the world's top communities for technology
innovation."
    "By collaborating with Open Text, we are hoping to create an institution
that's recognized worldwide for discoveries that meet the needs of the 21st
century digital economy," said David Johnston, President of the University of
Waterloo. "Open Text's contribution will help accelerate Ontario and Canada
into a leadership position in digital media and Web technologies."
    Today's news follows closely on the heels of Open Text's March 3
announcement of a broad strategy to deliver new social computing solutions to
customers (http://www.opentext.com/news/pr.html?id=2018). As part of its plan,
Open Text is extending its collaboration and Web solutions offerings to
deliver 2.0 capabilities, including wikis, forums, blogs, tagging, moderation,
communities and real-time collaboration, within an organization's broader ECM
strategy. Application of these new technologies creates more engaging Web
experiences, improves knowledge sharing and collaboration, increases employee
productivity and helps improve brand loyalty and interaction.

    Tradition of Innovation

    Open Text's contribution is an extension of the company's long history as
an innovator in the software industry and of its roots in the University of
Waterloo. Open Text began on the University's campus in the late 80s with a
group of university researchers who were working on a project to convert the
entire Oxford English Dictionary - all 60 million words - to electronic form,
a major feat in the pre-Internet days. The work formed the basis for the
Internet's first search engine technology, which was soon adopted by Yahoo.
    Since then, Open Text has consistently developed leading technologies in
enterprise content management, and counts its staff as some of the industry's
leading experts. Open Text, which is headquartered in Waterloo, is the largest
software company in Canada with some 3,000 employees worldwide.

    About Open Text

    Open Text, an enterprise software company and leader in enterprise
content management, helps organizations manage and gain the true value of
their business content. Open Text brings two decades of expertise supporting
46,000 customers and millions of users in 114 countries. Working with our
customers and partners, we bring together leading Content Experts(TM) to help
organizations capture and preserve corporate memory, increase brand equity,
automate processes, mitigate risk, manage compliance and improve
competitiveness. For more information, visit www.opentext.com.

    Safe Harbor Statement Under the Private Securities Litigation Reform Act
    of 1995

    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. 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 Form 10-K for the year
ended June 30, 2008 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) 2008 by Open Text Corporation. LIVELINK ECM 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.





For further information:

For further information: Richard Maganini, Open Text Corporation, (847)
267-9330 ext.4266, rmaganin@opentext.com; Stephanie Dodge, Open Text
Corporation, (519) 888-7111, x2429, sdodge@opentext.com; Brian Edwards,
McKenzie Worldwide, (503) 577-4583, briane@mckenzieworldwide.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890