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Profiled Price	34 1/8 (7.18.99)
Exchange	NASDAQ
Ticker	OTEX
52 week High	42 1/2
52 week Low	10
EPS	-0.83
P/E Ratio	NA
Shares Outstanding	20,401,000

Open Text delivered one of the first search engines on Netscape Communications' home page and provided the original back-end technology for Yahoo! Open Text Corporation's software and services enable the world's largest companies to leverage the global reach and openness of intranets, truly "Putting the Web to Work." Open Text has a world-wide installed base of 2.5 million users in 3,500 corporations. Open Text's dramatic growth has been fueled by the rapid market acceptance of its innovative collaborative knowledge management system, Livelink, this software enables users to search intranets, manage documents and work flow, collaborate on projects, and schedule corporate wide group activities.

Livelink software

Livelink separates itself from the competition by taking a different approach to enterprise document management. Instead of simply managing the documents themselves, Livelink focuses on the contents of documents, creating a true knowledge management system. The most marketable feature of Livelink is that it can extend existing business processes by facilitating information exchange among suppliers and buyers through an extranet. Livelink's most notable technical feature's are the powerful search engine, and its logical and intuitive interface with customizable icons and drop-down menus. Many knowledge management products have become Web-enabled, but Livelink was designed for the Web from the beginning. Because of the platform independent, Web-based nature of Livelink, it is easy to implement and it can be used by everyone in the organization, even if the organization is geographically distributed. New innovative product modules deliver a wide range of Web-based functionality to solve specific enterprise business problems. These include Livelink eLink, Livelink Forms, Livelink Prospectors, Livelink Desktop Activator for ODMA, Livelink Activator for BASIS, Livelink Activator for SAP R/3, and the latest version of the Livelink Spider for Windows NT. The new modular backplane architecture in Livelink 8 lets Open Text and third parties seamlessly add new functionality to Livelink. This is accomplished by building a module using the Livelink Software Development Kit.

The high-tech manufacturing, telecom, utilities, and aerospace industries are all undergoing rapid change because of regulatory changes and global competition. They need to be able to respond quickly to the challenge or lose market share. Livelink helps customers with geographically dispersed project teams shorten production cycles and increase competitiveness.

Other software and services

Open Text's future

As the internet matures and with the focus shifting to Biz-to-Biz web-based solutions, corporations' extranets and intranets will only become more sophisticated, partly through integration of knowledge management software. Also, with the increase in the number of companies with high market capitalization, Open Text's client base of 3,500 will soon balloon. Open Text is leading the worldwide document management software industry with a 43% market share. Open Text has a history of acquisitions so you can expect market share to increase.

Open Text has established relations with industry leaders. International channel programs are already in place with Canon Japan, Siemens Nixdorf, Unisys and Nissho Iwai. Netscape bundles Livelink with its SuiteSpot family of server software and Open Text resells Netscape's Enterprise Server software. Technical partnerships are in place with Adobe, JetForm, Microsoft, Oracle, Sybase, and others.

Opinion

Open Text is the leader in knowledge management software with 46% market share, and they are years ahead of their competition since they decided to base all of their software on the web three years ago. The focus of the internet is shifting to business to business solutions as web-based companies are gaining higher market capitalization and as the web is becoming more and more sophisticated. Open Text is in the same position that Oracle was in before ERP systems became the rage. Expect Open Text's client base to expand rapidly in the near future.

More Information

Visit the Open Text website:
http://www.opentext.com

Have Open Text send you monthly updates:
http://www.opentext.com/#email

Investor Relations:
Margaret E. Dobbin
Public Relations & Investor Relations
Manager Open Text Corporation
Phone: (519) 888-7111
E-mail: mdobbin@opentext.com

Thank You,
InternetCap.com Staff

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