Open Text Corporation http://www.alacrastore.com/company-snapshot/Open_Text_Corporation-2103819 Tuesday, October 14, 2008 5:54:06 AM 2103819 Open Text Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/565631spcred/565631normThe latest Summary from S&Pglobal10/7/2008 2:51:47 AM175Summary565631CanadaInternet Software & ServicesCanadaGlobal IssuersCorporationsHigh TechnologySummaryThe ratings on Waterloo, Ont.-based Open Text Corp. reflect the highly competitive and consolidating technology marketplace in which the company operates, characterized by the presence of bigger, better-integrated vendors; an aggressive financial policy, characterized by high debt leverage and its acquisitive nature; weak organic software license revenue growth in recent quarters; and integration risk from the acquisition of Toronto-based Hummingbird Ltd., which was completed on Oct. 2, 2006. These factors are partially offset by the company's sizable market position within a niche segment of the software industry, its solid scale given a large installed base of customers, good customer and geographic diversity, a large base of recurring revenues, and a history of generating healthy free operating cash flow. Open TextCAN68371Y45101010 451010 4510 45Open Text Corp.405741CANOTC@CNSUMMARYGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/531316spcred/531316normThe latest Research Update from S&Pglobalstructured10/7/2008 2:51:41 AM175Research Update531316CanadaInternet Software & ServicesCanadaGlobal IssuersStructured FinanceCorporationsAsset-Backed SecuritiesCommercial MBSHigh TechnologyResearch UpdateOn Sept. 8, 2006, Standard&Poor's Ratings Services assigned its 'BB-' long-term corporate credit rating to Waterloo, Ont.-based enterprise software provider, Open Text Corp. (Open Text). At the same time, Standard&Poor's assigned its 'BB-' bank loan rating, with a recovery rating of '2', to the company's proposed US$490 million senior secured bank facility, which consists of a US$75 million five-year revolving credit facility and a US$415 million seven-year term loan B. The '2' recovery rating reflects expectations for a substantial (80%-100%) recovery of principal in the event of default. The outlook is negative. Concurrently with the closing of the bank facility, Open Text plans to complete the 100% acquisition of Toronto-based enterprise software provider, Hummingbird Ltd. (Hummingbird).CAN68371Y45101010 451010 4510 45Open Text Corp.405741CANOTC@CNRESUPDUSA4492E345920D45920F45920Q25615926865Y4492E545920045920G45920H2686484492E245920E45202020 452020 4520 4545202010 452020 4520 45International Business Machines Corp.EMC Corp.101214119422CANLATAMERICAUSAASIAEMERGINGEUROMIDAFRIBMEMCGLOBISSSTRUCCORPABSCMBSHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/532326spcred/532326normThe latest News from S&Pglobal10/7/2008 2:51:41 AM100News532326CanadaInternet Software & ServicesCanadaGlobal IssuersCorporationsHigh TechnologyNewsTORONTO (Standard&Poor's) Sept. 14, 2006--Standard&Poor's Ratings Services today said that the ratings on Waterloo, Ont.-based enterprise software provider Open Text Corp. (Open Text; BB-/Negative/--) remain unaffected following the company's decision to revise the structure of the Hummingbird Ltd. financing. Specifically, Open Text will reduce the proposed US$415 million term loan B by US$25 million but increase the cash contribution by a similar amount. As a result, pro forma balance-sheet debt at June 30, 2006, stands at US$403 million compared with US$428 million assumed previously. Standard&Poor's views the modest improvement to pro forma lease-adjusted debt leverage to 4.1x from 4.3x as positive. Nevertheless, debt leverage and corresponding credit metrics remain aggressive overall, albeit consistent withCAN68371Y45101010 451010 4510 45Open Text Corp.405741CANOTC@CNNEWSGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/531315spcred/531315normThe latest News from S&Pglobal10/7/2008 2:51:41 AM100News531315CanadaInternet Software & ServicesCanadaGlobal IssuersCorporationsHigh TechnologyNewsTORONTO (Standard&Poor's) Sept. 8, 2006--Standard&Poor's Ratings Services today said it assigned its 'BB-' long-term corporate credit rating to Waterloo, Ont.-based enterprise software provider, Open Text Corp. (Open Text). At the same time, Standard&Poor's assigned its 'BB-' bank loan rating, with a recovery rating of '2', to the company's proposed US$490 million senior secured bank facility, which consists of a US$75 million five-year revolving credit facility and a US$415 million seven-year term loan B. The '2' recovery rating reflects expectations for a substantial (80%-100%) recovery of principal in the event of default. The outlook is negative. (For the complete corporate credit rating rational on Open Text Corp., please see Standard&Poor's research report, toCAN68371Y45101010 451010 4510 45Open Text Corp.405741CANOTC@CNNEWSGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-28566375newstex/PRN-0005-28566375xml Oct. #, #### (PR Newswire delivered by Newstex) -- Fuels Trend to Improve Oversight and Control of Enterprise Information to Proactively Mitigate Risk, Prepare for Next Wave of Compliance Pressures Improving Processes, Reducing...1100000011006000040000000401600004016005040090000400900210/6/2008 10:22:55 AM1800000018016000PR Newswire USPRN-0005-28566375OPEN TEXT CORPOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0001-28566381newstex/PRN-0001-28566381xml Oct. #, #### (Canada NewsWire Group delivered by Newstex) -- CHICAGO, Oct. # /CNW/ -- While no one can predict the full impact of the mortgage crisis gripping Wall Street and Main Street, one likely outcome is a renewal of the culture...1100000011006000040000000401600004016005040090000400900210/6/2008 10:22:54 AM1800000018016000Canada NewsWire GroupPRN-0001-28566381OPEN TEXT CORPOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/spcred/674997spcred/674997normThe latest News from S&Pglobal10/3/2008 6:28:00 PM100News674997CanadaInternet Software & ServicesCanadaGlobal IssuersCorporationsHigh TechnologyNewsTORONTO (Standard&Poor's) Oct. 3, 2008--Standard&Poor's Ratings Services today said it raised its long-term corporate credit rating on Waterloo, Ont.-based enterprise software provider Open Text Corp to 'BB' from 'BB-'. At June 30, the company had US$310 million of debt outstanding. The outlook is stable. At the same time, we raised our bank loan rating on the company's US$465 million senior secured bank facilities to 'BB+' from 'BB'. The facility consists of an US$75 million undrawn revolving credit facility due 2011, and an US$390 million (US$296 million outstanding) term loan B due 2013. The recovery rating is unchanged at '2', indicating that lenders can expect substantial (70%-90%) recovery in the event of payment default. (For the completeCAN68371Y45101010 451010 4510 45Open Text Corp.405741CANOTC@CNNEWSGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/674998spcred/674998normThe latest Research Update from S&Pglobal10/3/2008 6:28:00 PM175Research Update674998CanadaInternet Software & ServicesCanadaGlobal IssuersCorporationsHigh TechnologyResearch UpdateOn Oct. 3, 2008, Standard&Poor's Ratings Services raised its long-term corporate credit rating on Waterloo, Ont.-based enterprise software provider Open Text Corp to 'BB' from 'BB-'. At June 30, the company had US$310 million of debt outstanding. The outlook is stable. At the same time, we raised our bank loan rating on the company's US$465 million senior secured bank facilities to 'BB+' from 'BB'. The facility consists of an US$75 million undrawn revolving credit facility due 2011, and an US$390 million (US$296 million outstanding) term loan B due 2013. The recovery rating is unchanged at '2', indicating that lenders can expect substantial (70%-90%) recovery in the event of payment default. The upgrade reflects the company's solid credit metrics,CAN68371Y45101010 451010 4510 45Open Text Corp.405741CANOTC@CNRESUPDGLOBISSCORPHighCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/PRN-0001-28524779newstex/PRN-0001-28524779xml Oct. #, #### (Canada NewsWire Group delivered by Newstex) -- WATERLOO, ON, Oct. # /CNW/ -- Open Text(TM) Corporation (NASDAQ:OTEX) (TSX:OTC), the leading independent provider of Enterprise Content Management (ECM) software, today announced...040000000401600004016048040160010401601810/3/2008 10:19:42 AM180000001800800018004000Canada NewsWire GroupPRN-0001-28524779OPEN TEXT CORPOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-28524765newstex/PRN-0005-28524765xml Oct. #, #### (PR Newswire delivered by Newstex) -- WATERLOO, ON, Oct. # /PRNewswire-FirstCall/ - Open Text(TM) Corporation (NASDAQ:OTEX) (TSX:OTC), the leading independent provider of Enterprise Content Management (ECM) software, today...040000000401600004016048040160010401601810/3/2008 10:19:42 AM180000001800800018004000PR Newswire USPRN-0005-28524765OPEN TEXT CORPOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-28480866newstex/PRN-0005-28480866xml Oct. #, #### (PR Newswire delivered by Newstex) -- EIM #.# Solution Offers Integration with SAP ERP Human Capital Management, Optimizes Workflow, and Meets Legal Requirements for Personnel Document StorageCHICAGO, IL, Oct. # /PRNewswire-FirstCall/...090000000901600004000000040160000400300004003005040090000400900210/1/2008 9:25:29 AM180000001802000018022000PR Newswire USPRN-0005-28480866MICROSOFT CORPOPEN TEXT CORPMSFTOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0001-28480907newstex/PRN-0001-28480907xml Oct. #, #### (Canada NewsWire Group delivered by Newstex) -- CHICAGO, IL, Oct. # /CNW/ -- Open Text(TM) Corporation (NASDAQ:OTEX) (TSX:OTC), a global leader in Enterprise Content Management (ECM), today announced the release of Version...090000000901600004000000040160000400300004003005040090000400900210/1/2008 9:25:27 AM180000001802000018022000Canada NewsWire GroupPRN-0001-28480907MICROSOFT CORPOPEN TEXT CORPMSFTOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/moodys/PR_163944_809734126moodys/PR_163944_809734126htmlGlobal Credit Research Rating Action ## SEP #### Rating Action: Open Text Corp. Moody's upgrades Open Text to Ba#, Outlook Positive Approximately $### million in debt affected New York, September ##, #### -- Moody's Investors Service...10/1/2008 4:46:01 AMhtmlOpen Text Corp.Open Text Corp.809734126150.0000NewsRating ActionPR_163944_809734126Credit & Investment ResearchMoody's Global Credit ResearchUS - Open Text Corp definitively agreed to acquire all the outstanding common stock of Captaris Inc, a developer of business automation software, for $#.## in cash per share, or a total value of $###.### mil. The transaction was subject to shareholders and regulatory approval, and other customary closing conditions.9/5/2008 12:36:34 PM68371514071N68371514071NOpen Text CorpCaptaris IncOpen Text CorpCaptaris Inchttp://www.alacrastore.com/storecontent/Thomson_M%26A/Open_Text_Corp_acquires_Captaris_Inc-2009506020sdc/20095060202009506020Copyright © 2008, Thomson Financial, All Rights ReservedNasdaqPrepackaged SoftwareCanadaPrepackaged Software7372FFForeignPublicOTEX7371:Computer programming services7372:Prepackaged Software7371:Computer programming services7372:Prepackaged SoftwareMcKenna Long & Aldridge LLPNasdaqPrepackaged SoftwareUnited StatesPrepackaged Software7372WAWashingtonPublicCAPA230405002Dvlp ECM softwareDvlp bus automation softwareCashCash OnlyCommon Stock296175003Sep 5 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.00000Open Text Corp, headquarteredin Waterloo, Ontario, developsenterprise content managementsoftware, providingconsulting, learning andhosting and customer supportand managing information forall types of business,compliance and industryrequirements in largecompanies, government agenciesand professional servicefirms. Their flagship productis Livelink. The company wasfounded in 1991.Open Text Corp, headquartered in Waterloo, Ontario, developsenterprise content management software, providingconsulting, learning and hosting and customer support andmanaging information for all types of business, complianceand industry requirements in large companies, governmentagencies and professional service firms. Their flagshipproduct is Livelink. The company was founded in 1991.Open Text Corp, headquartered in Waterloo, Ontario, develops enterprise content management software, providing consulting, learning and hosting and customer support and managing information for all types of business, compliance and industry requirements in large companies, government agencies and professional service firms. Their flagship product is Livelink. The company was founded in 1991.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.00000Captaris Inc, headquartered inBellevue, Washington, developsbusiness automation softwarefor business processes,documents management, andinformation delivery. Itsproduct line-up includes thebrand names RightFax,FaxPress, Captaris Workflow,Alchemy, Single Click Entry,DOKuStar and RecoStar. Thecompany was founded in 1982.Captaris Inc, headquartered in Bellevue, Washington,develops business automation software for businessprocesses, documents management, and information delivery.Its product line-up includes the brand names RightFax,FaxPress, Captaris Workflow, Alchemy, Single Click Entry,DOKuStar and RecoStar. The company was founded in 1982.Captaris Inc, headquartered in Bellevue, Washington, develops business automation software for business processes, documents management, and information delivery. Its product line-up includes the brand names RightFax, FaxPress, Captaris Workflow, Alchemy, Single Click Entry, DOKuStar and RecoStar. The company was founded in 1982.0.000000.000000.0000026.47000YU.S. Dollar04 Sep 08Thu, 04 Sep 2008 00:00:00 ESTDate Announced: 09/04/2008Date Effective:MergerFriendly0.000000.000000.000000.000000.000004.80000Price/Share0.00000127.058 U.S. Dollar127.05800127.05800127.058 U.S. Dollar127.058000.000000.000004.800004.80000127.05800127.058 U.S. Dollar1.00000N72.208000.000000.000000.000000.000000.00000127.05800127.058000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.00000US - Open Text Corpdefinitively agreed to acquireall the outstanding commonstock of Captaris Inc, adeveloper of businessautomation software, for $4.80in cash per share, or a totalvalue of $127.058 mil. Thetransaction was subject toshareholders and regulatoryapproval, and other customaryclosing conditions.US - Open Text Corp definitively agreed to acquire all the outstanding common stock of Captaris Inc, a developer of business automation software, for $4.80 in cash per share, or a total value of $127.058 mil. The transaction was subject to shareholders and regulatory approval, and other customary closing conditions.US - Open Text Corp definitively agreed to acquire all the outstanding common stock ofCaptaris Inc, a developer of business automation software, for $4.80 in cash per share, ora total value of $127.058 mil. The transaction was subject to shareholders and regulatoryapproval, and other customary closing conditions.US - Open Text Corp definitively agreed to acquire all the outstanding common stock of Captaris Inc, a developer of business automation software, for $4.80 in cash per share, or a total value of$127.058 mil. The transaction was subject to shareholders and regulatory approval, and other customary closing conditions.US - Open Text Corp definitively agreed to acquire all the outstanding common stock of Captaris Inc, a developer of business automationsoftware, for $4.80 in cash per share, or a total value of $127.058 mil. The transaction was subject to shareholders and regulatoryapproval, and other customary closing conditions.RBC Capital Markets1.00000$ 127.058 - RBC Capital Markets - Adv0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000007372:Prepackaged Software230405002NasdaqCanada7372ForeignPublicOTEX7372:Prepackaged Software296175003NasdaqUnited States7372WashingtonPublicCAPA127.05800127.05800127.0580072.20800Perkins CoieSimpson Thacher & BartlettDeal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27882930newstex/PRN-0005-27882930xml Sep. #, #### (PR Newswire delivered by Newstex) -- Combined Capabilities for Document, Data Capture and ERP IntegrationEnhancedWATERLOO, ON and BELLEVUE, WA, Sept. # /PRNewswire-FirstCall/ - Open Text(TM) Corporation (NASDAQ:OTEX) (TSX:...0900000009015000040000000401600004016005040160080401600304016001040030000400300504009000040090029/4/2008 9:27:32 AM180000001801600018020000190000001900100019001047PR Newswire USPRN-0005-27882930CAPTARIS INCMICROSOFT CORPOPEN TEXT CORPDAVID P ANASTASICAPAMSFTOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27680559newstex/PRN-0005-27680559xml Aug. ##, #### (PR Newswire delivered by Newstex) -- Accomplished Businessman and Lawyer Brings Extensive Governance ExpertiseWATERLOO, ON, Aug. ## /PRNewswire-FirstCall/ - Open Text(TM) Corporation (NASDAQ: OTEX, TSX: OTC), a leading...0900000009015000040000000401600004016008040160050401604802000000020020000200200602001000020010118/26/2008 5:20:54 PM180000001801600018008000190000001900200019002012190020071900100019001021PR Newswire USPRN-0005-27680559OPEN TEXT CORPOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/B1892792ccbn/B1892792norm...Co. is mismatched primarily in Canadian dollars, which represent #% of total revenues and ##% of total expenses.... 8/19/2008 8:05:00 PMOpen Text54.0000EditedOpen Text Q4 2008 Earnings Conference Call SummaryOTEX5:00pm ETBriefB1892792Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1892792ccbn/T1892792norm...Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to the Open Text Corporation fiscal #### fourth quarter financial results conference call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. (OPERATOR INSTRUCTIONS). I would like to remind everyone that this conference call is being recorded on Tuesday, August ##, #### at #:## p.m. Eastern time. I will now turn the conference over to Mr. Greg Secord. Please go ahead, sir. ... 8/19/2008 8:05:00 PMOpen Text54.0000FinalOpen Text Q4 2008 Earnings Conference Call TranscriptOTEX5:00pm ETTranscriptT1892792Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27516251newstex/PRN-0005-27516251xml Aug. ##, #### (PR Newswire delivered by Newstex) -- WATERLOO, ON, Aug. ## /PRNewswire-FirstCall/ - Open Text(TM) Corporation (NASDAQ:OTEX) (TSX:OTC), a leading provider of Enterprise Content Management (ECM) software, today announced...090000000901500004000000040160000401600104016048040160030401601804009000040090028/19/2008 5:19:22 PM18000000180040001800800018010000PR Newswire USPRN-0005-27516251OPEN TEXT CORPOTCOTEXNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0001-27516326newstex/PRN-0001-27516326xml Aug. ##, #### (Canada NewsWire Group delivered by Newstex) -- WATERLOO, ON, Aug. ## /CNW/ -- Open Text(TM) Corporation (NASDAQ:OTEX) (TSX:OTC), a leading provider of Enterprise Content Management (ECM) software, today announced unaudited...090000000901500004000000040160000401600104016048040160030401601804009000040090028/19/2008 5:19:21 PM18000000180040001800800018010000Canada NewsWire GroupPRN-0001-27516326OPEN TEXT CORPOTCOTEXNewsNewstex