OpenText accelerates mobile application strategy with weComm acquisition agreement

Issued by Global Research Partners for Open Text

Johannesburg, 10 Mar 2011

OpenText Corporation, the preeminent provider of enterprise content management (ECM) software, today announced it has reached an agreement to acquire London-based weComm, in a deal that will propel OpenText forward in a fast-growing segment of the mobility market.

weComm's leading technology will facilitate OpenText to deliver a strategic platform to companies which will help them provide rich, immersive mobile apps cost-effectively across the multitude of mobile operating systems and devices to reach their customers, consumers or partners.

"As mobile devices are changing the consumer landscape, more enterprise customers are moving to mobile applications to reach everyone from customers to employees," commented Eugene Roman, Chief Technology Officer at OpenText. "This advanced technology allows our customers to rapidly deliver highly functional applications on all types of devices economically, giving them an enormous edge over their competitors both in efficiency and time to market."

According to Roman, weComm will enable OpenText to accelerate the mobility strategy it launched in 2010 with the introduction of OpenText Everywhere.

Founded in 1999 and serving major customers today, weComm is a pioneer of the mobile application industry. The company's innovative software platform offers fast, low-cost deployment of high-quality, media rich applications for all leading mobile devices, including smartphones and tablets - iPhone, iPad, Android, Blackberry, Windows Mobile, Symbian, Java - more than 900 devices in all.

Because weComm's WAVE platform is technology agnostic, it helps solve the biggest problem corporate customers, government organisations and application creators have today: the dilemma of whether to select a single platform for application delivery or to incur the high cost of porting, deploying, updating and maintaining applications across the entire landscape of devices. Without such technology, inclusivity comes at a very high price in the mobile application world.

“weComm's device-independent platform adds real value over the other options our enterprise customers have today," continued Roman. “weComm offers exciting leading-edge technology and a great new opportunity for OpenText. It's a logical fit for our major brand-name customers, in banking, retail, media and entertainment and other markets no matter what type of content application they use."

A natural move

The move into mobile applications is a natural one for OpenText, which today is a leading provider of Web experience management solutions and digital asset management software. Adding a powerful platform for mobile applications gives OpenText a full array of capabilities to meet the evolving needs of enterprise CMOs. The next iteration of Web experience management systems requires mobile content creation, development and delivery. The combination of its existing customer engagement offerings and the weComm WAVE platform puts OpenText in pole position, ahead of other enterprise content management vendors in the battle for the mobile enterprise application platform market.

weComm also strengthens OpenText Everywhere's position in mobile ECM by providing enterprises with the ability to create, deliver, and maintain mobile applications to their employees for all mobile operating systems. OpenText Everywhere provides pre-packaged mobile applications for the OpenText ECM Suite focused on collaboration, document management and workflows. With weComm, OpenText can also offer mobile applications and solutions in a compliance-based environment, requiring security and policy controls as well as develop and deliver content-based mobile applications that may be consumed by anyone.

For further information, please contact Rob Shaw: tel +27 83 626-3811, fax +27 86 646-4178, e-mail rshaw@opentext.com

OpenText

OpenText, the preeminent enterprise content management software, helps organisations manage and gain the true value of their business content. OpenText brings two decades of expertise supporting 50 million users in 114 countries. Working with our customers and partners, we bring together leading Content Experts to help organisations capture and preserve corporate memory, increase brand equity, automate processes, mitigate risk, manage compliance and improve competitiveness.

In Southern Africa, OpenText's business partners are Accenture, Business Connexion, Datacentrix, 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.

Safe Harbour 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 realised by customers, the company's position in the market and future opportunities therein, the deployment of OpenText ECM Suite and our other products by customers, and future performance of OpenText 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 30 June 2009. 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.

For more information on OpenText, go to http://www.opentext.com.

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