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OpenText Appoints James Mackey as Senior Vice President of Corporate Development

October 11, 2012

Former SAP Executive to Accelerate OpenText’s Growth

WATERLOO, ON, Oct. 11, 2012 /PRNewswire/ – OpenText(TM) (NASDAQ: OTEX, TSX: OTC),
a leading provider of Enterprise Information Management (EIM) software,
today announced that industry veteran James Mackey has joined the
company as Senior Vice President of Corporate Development.

In this role, Mackey will be responsible for OpenText’s strategic
planning and acquisitions aimed at driving the company’s expansion in
the global Enterprise Information Management (EIM) market, which is projected to reach $19 billion in the next four
years. As a member of OpenText’s Executive Leadership Team, Mackey will
report directly to OpenText President and CEO, Mark J. Barrenechea.

“Jim is an exceptional addition to our executive team and I am very
pleased to welcome him to OpenText,” said Barrenechea. “With his proven
track record of generating and executing corporate development and
acquisition plans that drive growth, earnings and value creation, Jim
is an ideal choice to lead Corporate Development. I look forward to his
ideas and contributions at OpenText.”

“It is a privilege to join Mark and the OpenText team in driving the
growth of EIM solutions that help customers unleash the power of their
information,” said Mackey. “OpenText is a clear leader in this fast
growing market and I am eager to apply my experience to ensure that
strategic growth initiatives extend that leadership.”

Mackey has spent most of his career executing highly successful
corporate strategies and acquisitions that drive revenue growth. Most
recently, Mackey lead corporate development efforts at SAP AG, where he
developed and lead the company’s global merger and acquisitions group.
He was instrumental in expanding SAP’s vision and footprint by
investing in market-leading technologies that enabled SAP to expand
into new markets. Under his leadership, SAP completed more than 40
acquisitions, including three of the largest software acquisitions in
the last five years (the $5.9 billion purchase of Sybase, the $6.7
billion purchase of Business Objects and last year’s $3.6 billion
acquisition of SuccessFactors).

An attorney and public accountant by training, Mackey has also held
several positions as Corporate Legal Counsel providing advice on
mergers and acquisitions and securities matters.

About OpenText
OpenText provides Enterprise Information Management software that
enables companies of all sizes and industries to manage, secure and
leverage their unstructured business information, either in their data
center or in the cloud. Over 50,000 companies already use OpenText
solutions to unleash the power of their information. To learn more
about OpenText (NASDAQ: OTEX; TSX: OTC), please visit www.opentext.com.

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 © 2012 by Open Text Corporation. Capture Center is a trademark
or registered trademark of Open Text Corporation in the United States
of America, Canada, the European Union and/or other countries. This
list of trademarks is not exhaustive. Other trademarks, registered
trademarks, product names, company names, brands and service names
mentioned herein are property of Open Text Corporation or other
respective owners.

SOURCE Open Text Corporation


Source: PR Newswire