Open Text Receives SEC Clearance and HSR Expiration of Waiting Period for Vignette Acquisition



    Vignette Stockholder Meeting Date Set

    WATERLOO, ON and AUSTIN, TX, June 19 /CNW/ - Open Text Corporation
(Nasdaq:  OTEX) (TSX: OTC) and Vignette Corporation (Nasdaq:  VIGN) today
announced that the Securities and Exchange Commission has concluded its review
of the Registration Statement on Form S-4 in connection with Open Text's
acquisition of Vignette. An amended Form S-4 was filed and became effective on
June 18, 2009. A special meeting of the Vignette stockholders to approve the
transaction has been set for July 21, 2009. Additionally, Open Text and
Vignette announced that the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976 has expired as of 11:59 pm on Wednesday
June 17, 2009.
    As previously announced, Open Text and Vignette have entered into a
definitive merger agreement in which Open Text will acquire Vignette for a
purchase price of approximately $323 million (based upon the closing price of
Open Text common stock on June 18, 2009) in a mix of cash and Open Text common
stock.

    About Open Text

    Open Text is the world's largest independent provider of Enterprise
Content Management (ECM) software. Open Text's solutions manage information
for all types of business, compliance and industry requirements in the world's
largest companies, government agencies and professional service firms. Open
Text supports approximately 46,000 customers and millions of users in 114
countries and 12 languages. For more information about Open Text, visit
www.opentext.com.

    About Vignette

    Vignette provides software and services that deliver the Web's most
dynamic user experiences. The Vignette Web Experience brings rich media and
engaging content to life for the world's greatest brands. Vignette is
headquartered in Austin, Texas, with operations worldwide.

    -------------------------------------------------------------------------
    Additional Information about the Merger and Where to Find It

    In connection with the proposed merger, Open Text filed with the
Securities and Exchange Commission (SEC) a Registration Statement on Form S-4
(file no. 333-159514) that includes a proxy statement of Vignette that also
constitutes a prospectus of Open Text. Shareholders and investors are urged to
read the proxy statement/prospectus (including any amendments or supplements
thereto) regarding the proposed merger before making any voting decision with
respect to the merger. The proxy statement/prospectus contains important
information about Open Text, Vignette and the proposed merger. Open Text's and
Vignette's shareholders are able to obtain a copy of the proxy
statement/prospectus and other relevant documents without charge at the SEC's
Internet site (http://www.sec.gov). The proxy statement/prospectus and the
other documents may also be obtained for free by accessing Vignette's investor
relations website at www.ir.vignette.com by clicking on the link "SEC Filings"
under the heading Investor Relations or by accessing Open Text's website at
www.opentext.com and clicking on the "Company" link, then clicking on the link
for "Investors" and then clicking on the link for "SEC Filings" under the
heading "Financial Reports." This communication shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended.

    Participants in the Solicitation

    Vignette and its directors and executive officers may be deemed to be
participants in the solicitation of proxies from the stockholders of Vignette
in connection with the proposed merger. Information regarding the interests of
these directors and executive officers in the transaction described herein are
included in the proxy statement/prospectus described above. Additional
information regarding these directors and executive officers is also included
in Vignette's proxy statement for its 2009 Annual Meeting of Stockholders,
which was filed with the SEC on March 31, 2009. This document is available
free of charge at the SEC's web site at www.sec.gov, and from Vignette by
accessing Vignette's investor relations website at www.ir.vignette.com by
clicking on the link "SEC Filings" under the heading Investor Relations or by
contacting Investor Relations by telephone at (512) 741-4541, or by mail at
Vignette Corporation, 1301 South MoPac Expressway, Suite 100, Austin, Texas
78746, USA.

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

    This news release may contain forward-looking statements relating to the
acquisition of Vignette, including timing and likelihood of a closing of the
acquisition, the success of any of Vignette's strategic initiatives,
Vignette's growth and profitability prospects, the benefits of Vignette's
products to be realized by customers, Vignette's position in the market and
future opportunities therein, the deployment of Livelink ECM and our other
products by customers, and future performance of Open Text. 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 Open Text's customers, demand for Open Text's products and other
risks detailed from time to time in Open Text's filings with the 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
neither Vignette nor Open Text undertake any obligations to update
forward-looking statements should circumstances or management's beliefs or
opinions change.
    Copyright (C) 2009 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.
    Vignette and the V Logo are trademarks or registered trademarks of
Vignette Corp. in the United States and other countries. All other names are
the trademarks or registered trademarks of their respective companies.





For further information:

For further information: Paul McFeeters, Chief Financial Officer, Open
Text Corporation, (905) 762-6121, pmcfeeters@opentext.com; Greg Secord, Vice
President, Investor Relations, Open Text Corporation, (519) 888-7111 ext.2408,
gsecord@opentext.com; Pat Kelly, Investor Contact, Vignette Corporation, (512)
741-4541, investor_relations@Vignette.com; Melanie Brenneman, Media Contact,
Vignette Corporation, (512) 741-4871, pr@Vignette.com


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