OpenText named one of Canada's Best Employers 2025 for the fifth consecutive year by Forbes

WATERLOO, ON, Feb. 5, 2025 /CNW/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced it has been named one of Canada's Best Employers 2025 by Forbes. The list, which is generated by Forbes in partnership with Statista, celebrates top organizations across Canada for their work flexibility, focus on professional development, growth opportunities, and more. This is the fifth consecutive year that OpenText has been named to the list by Forbes.

"Being named one of Canada's Best Employers by Forbes is a testament to the exceptional people at OpenText," said Mark J. Barrenechea, CEO & CTO, OpenText. "We remain deeply committed to fostering a culture of exceptional talent, personal and professional growth, and a company where technology professionals want to spend their entire career."

The recognition from Forbes is the latest in a series of accolades awarded to the Canadian-founded and headquartered company. Most recently, OpenText was also recognized as one of the Waterloo Area's Top Employers for the 15^th consecutive year and one of Canada's Top Employers for Young People for the fourth consecutive year by Canada's Top 100. Both awards highlight the company's commitment to its employee's well-being and professional development opportunities as key drivers of success.

"From our values to our focus on employee health, education, career growth, and organizational culture, it is an honor to have our efforts recognized," said Brian Sweeney, Chief Human Resources Officer, OpenText. "We are extremely proud of our Canadian heritage, and the remarkable contributions of our Canadian employees, who play a vital role in making OpenText a great place to work."

Founded in Waterloo, Ontario, Canada in 1991, OpenText grew out of a partnership between the University of Waterloo and Oxford University to create the first online Oxford English Dictionary. As a company, OpenText prioritizes its people and its culture, offering unique benefits to employees such as education reimbursement programs, paid volunteer days, retirement and stock purchase plans, wellness and fitness reimbursement, and much more. For more information on life at OpenText visit careers.opentext.com.

About OpenText

OpenText™ is the leading Information Management software and services company in the world. We help organizations solve complex global problems with a comprehensive suite of Business Clouds, Business AI, and Business Technology. For more information about OpenText (NASDAQ/TSX: OTEX), please visit us at www.opentext.com.

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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. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. 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. Further, readers should note that we may announce information using our website, press releases, securities law filings, public conference calls, webcasts and the social media channels identified on the Investors section of our website (https://investors.opentext.com). Such social media channels may include the Company's or our CEO's blog, Twitter account or LinkedIn account. The information posted through such channels may be material. Accordingly, readers should monitor such channels in addition to our other forms of communication.

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SOURCE Open Text Corporation

Jessica Gold, OpenText, [email protected]