OpenText Launches New Artificial Intelligence (AI) Platform to Enable Business Insight

OpenText Magellan to
Democratize Artificial Intelligence by Leveraging Open Standards

Singapore – July 12, 2017 – OpenText™
(NASDAQ: OTEX, TSX: OTEX), a global leader in Enterprise Information Management
(EIM), today announced the availability of OpenText Magellan, the
company’s new Artificial Intelligence (AI) platform. OpenText Magellan is a
flexible AI and analytics platform that combines open source machine learning
with advanced analysis and the capabilities to acquire, merge, manage and
analyze Big Data and Big Content. Unveiled and demonstrated at OpenText
Enterprise World 2017, Magellan’s cognitive computing platform offers users
machine-assisted decision making, automation, and business optimization, in an
easy to use and affordable package.

OpenText Magellan is a cost-effective solution built
on a cohesive, highly scalable infrastructure equipped for handling massive
amounts of structured and unstructured data. Powered by OpenText Analytics, and
Apache Spark, OpenText Magellan integrates across any EIM architecture to
dramatically reduce the time, effort and expertise required to leverage the
value of advanced analytics in decision making and task automation.

“Enterprises
have created vast data lakes of information over the last decade, and OpenText
Magellan helps to organize that information and unlock its value,” said Mark J.
Barrenechea, OpenText CEO and CTO.  “As automation advances at incredible
rates, and enterprise data grows larger, OpenText Magellan brings the power of
analytics, algorithms and statistical models to organizations around the world
for advanced decision making and better business insight. With OpenText
Magellan, we are moving towards a more open, scalable and affordable future for
AI. OpenText is committed to ensuring AI is designed into its offerings from
day one.”

“Data is the feedstock of AI, and unstructured data in
particular, is where the hidden insights lie; insights into customer intent,
employee behavior, partner’s contractual obligations and litigants’ evidence,”
said Nick Patience, Founder & Research VP, 451 Research. “The ability to
ingest, analyze and understand vast quantities of data – combining structured
with unstructured – is now possible using AI-driven platforms and
applications. Companies that understand this will gain advantages over those
that don’t and equip themselves for the AI-driven economy.”

The solution is designed for multiple use cases
enabling customers to:

·  Leverage Machine
Learning to unlock the value of EIM data by analyzing customers, trading
partners, employees, orders, invoices, cases, documents and other data managed
in these systems.

·  Deliver value from AI
faster and cost-effectively by deploying a cohesive platform with
pre-integrated components to minimize the effort and expertise required to go
live.

·  Democratize access to
AI by empowering data scientists to create custom algorithms for use by
business analysts and operational users.

·  Utilize an open
–source, Apache Spark-based platform to automatically derive the most current
and complete insights from Big Data and EIM Content to achieve optimal
outcomes.

·  Augment applications
automatically with fast, self-service analytics, empowering business users to
delve deep into massive amounts of data and derive actionable insight.

OpenText Magellan is part of the OpenText EIM portfolio, enabling
organizations to discover and manage information to spur growth and innovation
and decrease time to competitive advantage. The platform consists of
comprehensive and integrated product solutions including Content Suite, Process
Suite, Experience Suite, Analytics Suite, Discovery Suite and Business Network.
OpenText’s EIM solutions are available for deployment on premises, in the cloud
and in hybrid deployments.

OpenText Magellan is available immediately.

About OpenText
OpenText enables the digital world, creating a better way for organizations to
work with information, on premises or in the cloud. For more information about
OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.