OpenText buys Actuate Corporation

Issued by Global Research Partners for Open Text
Johannesburg, 22 Jan 2015

OpenText (NASDAQ: OTEX, TSX: OTC), a global leader in enterprise information management (EIM), today announced that, through its wholly-owned subsidiary, Asteroid Acquisition Corporation, it has successfully completed its acquisition of Actuate Corporation (BIRT), the leader in personalised analytics and insights. Actuate brings powerful analytics to the OpenText portfolio of products that enable customers to analyse and visualise a broad range of structured, semi-structured, and unstructured data.

Complementing OpenText's existing information management and B2B integration offerings, Actuate offers increased business process efficiencies, greater brand experience and personalised insight for better and faster decisions via analytics and visualisation. OpenText customers will now benefit from added analytic capabilities to their existing deployments and a new breed of analytics that provide insight across entire business flows.

"OpenText is committed to leading the EIM marketplace, and analytics is an imperative to enabling a digital-first world," said Mark J Barrenechea, president and chief executive officer of OpenText. "Actuate is a market-leading provider of analytics, visualisation and big data insights, with 20 years of experience enabling large enterprises, the embedded markets, and the developer. It is an honour to welcome Actuate customers, employees and partners to OpenText."

Actuate will continue to serve the embedded analytics market, the developer, and will be deeply integrated into OpenText Products and OpenText, enabling OpenText to deliver analytics for the entire EIM suite based on a common platform, greatly reducing the total cost of ownership for OpenText customers and providing a comprehensive view that enables business insight on a more elevated, strategic level. Designed to be embeddable, developers can use the platform to enrich nearly any application, whether it is deployed on-premises or in the cloud.

The founder of the popular integrated development environment (IDE), BIRT, Actuate developed BIRT iHub, a world-class deployment platform that significantly improves the productivity of developers working on customer-facing applications. Currently, more than 3.5 million BIRT developers and OEMs use Actuate to build scalable, secure solutions that deliver personalised analytics and insights to more than 200 million customers, partners and employees.

OpenText

OpenText is the leader in enterprise information management, helping customers to create a digital-first world by simplifying, transforming, and accelerating their information needs. Over 100 000 customers already use OpenText solutions, either on-premises or in the OpenText cloud. For more information about OpenText (NASDAQ: OTEX; TSX: OTC), please visit: www.opentext.com.

Cautionary statement regarding forward-looking statements

Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright (c)2015 Open Text Corporation. OpenText is a trademark or registered trademark of Open Text SA and/or Open Text ULC. The list of trademarks is not exhaustive of other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text SA or other respective owners. All rights reserved. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.

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