Open Text acquires a division of Spicer Corporation

Issued by Global Research Partners for Open Text

Johannesburg, 11 Jul 2008

Open Text Corporation, a global leader in enterprise content management (ECM), today announced that it had acquired most of the assets of Spicer Corporation, a privately-held Canadian company.

Specifically, it is the Spicer division that specialises in file format viewer solutions for desktop applications, integrated business process management (BPM) systems, and reprographics.

Approximately 30 employees from this division will be joining Open Text, most of whom are based in Kitchener, Ontario, Canada, located near to Open Text's corporate headquarters. Open Text purchased these assets of Spicer for approximately $12 million effective from 1 July 2008.

"This acquisition will complement and extend Open Text's existing ECM Suite, providing flexible document viewing options and enhanced document security functionality," commented John Shackleton, President and CEO of Open Text.

"Through this acquisition, Spicer customers benefit from access to an expanded ECM solutions portfolio and our commitment to continued Spicer product availability with enhanced innovation, development and 24x7 customer support."

Tim Lehan and Patrick Pidduck, long-standing leaders from Spicer, will join Open Text and form the nucleus of Open Text's Content Viewer Solutions Group.

The charter of this group will be to carry on the development, support, and sale of the Spicer products, and develop similar capabilities for Open Text's ECM Suite. Open Text software is used by over 40 million end users in over 46 000 customers, all with increasing expectations of a rich user experience, including high-quality rendering of a myriad of content formats.

For further information, please contact Rob Shaw: tel 083 626-3811, fax 086 646-4178, e-mail rshaw@opentext.co.za

Spicer Corporation

Spicer Corporation is a worldwide supplier of scalable, universal view-mark-up and collaboration software solutions that improves document productivity and the return on investment for organisations with ECM, CM, PDM, PLM, ERP, and other corporate information systems. Spicer's visualisation, collaboration, redaction, and scanning products are used globally in manufacturing, government, utilities, insurance and financial services, and reprographics markets.

Open Text

Open Text, an enterprise software company and leader in enterprise content management, helps organisations 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 and trade to help organisations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness.

In Southern Africa, Open Text's business partners are Accenture, Business Connexion, Datacentrix, Lava Systems, IA Systems and SAP Africa; and its customer base includes organisations from across both the private and public sectors such as Alexander Forbes, Anglo Platinum, BMW, Department of Environmental Affairs and Tourism, Distell, Engen, Exxaro Resources, Mittal Steel, Office of the President, Provincial Government of the Western Cape, SABMiller, Sasol, Telkom SA and Toyota.

For more information on Open Text, go to www.opentext.com.

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