Open Text Acquires Corechange

Feb 28, 2003


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A wholly owned subsidiary of Open Text Corporation has acquired all the issued and outstanding shares of Corechange, Inc. Corechange is a portal software provider, whose main product is Coreport, an enterprise access framework for deploying intranet and extranet portals. Benefits of integration with Open Text's Livelink, a collaboration and knowledge management system, include: enhancement of Livelink connectors Livelink UNITE and Livelink Doorways; application integration at the point of access; and direct interaction with any kind of application running on any platform both Web and legacy. This cash transaction will not result in an immediate or material financial change in guidance for Open Text ‘s fiscal 2003 year. For further information, please consult Open Text's 8K filing.  

(http://www.corechange.com), (http://www.opentext.com), (http://www.opentext.com/livelink)