Open Text and IXOS aim to become global leader

The Executive Board and Supervisory Board of IXOS SOFTWARE AG have recommended that the company’s shareholders accept the tender offer by the Canadian Open Text Group published on December 1, 2003. In their mandatory publication in accordance with section 27 of the Wertpapiererwerbs– und Ubernahmegesetz (WpUG – German Securities Acquisition and Takeover Act) issued today, both executive bodies described the offer as appropriate. Open Text and IXOS intend to use the merger to become the leading global provider on the dynamic market for enterprise content management (ECM) software, and to work together to further expand their market share.

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