Open Text Corporation and Corechange, Inc. announced the closing of the acquisition of all of the issued and outstanding shares of Corechange by a wholly owned subsidiary of Open Text. Corechange’s portal software provides a window into a company’s enterprise content, applications, services, and productivity tools. Coreport, the main product from Corechange, provides an enterprise access framework, deploying secure, scalable intranet and extranet portals. Benefits of integration with Open Text’s collaboration and knowledge management system, Livelink, include enhancement of Livelink connectors UNITE and Doorways; application integration at the point of access – with Corechange’s portal framework, Livelink will offer a horizontal solution unifying existing applications in CRM, ERP and SCM, and direct interaction with any kind of application running on any platform both web and legacy – with no change to the native application and no loss of functionality. This $4.2 million cash transaction will not result in an immediate or material financial change in guidance for Open Text’s fiscal 2003 year. www.opentext.com/livelink, www.corechange.com

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