Modern Work Management

M&A Aligned with TAM Segmentation TAM (1) CY'22 Market Size ($B) CY'22-'25 CAGR % Content $24B Potential M&A Targets Acquirable Revenue >200 >$5B Services 11% Large fragmented markets with no scarcity of assets Business $22B >400 >$3B Network 9% ------- > $20B Leading with market segmentation Digital $25B >200 >$5B Experience 7% of M&A Opportunity Cash and committed Security & $21B liquidity of $2.3B with significant cash flow aspirations >200 >$5B Protection 9% $92B Total 9% >1,200 companies >$20B opentext™ 1. Source: Estimates based on individual market reports from International Data Corporation (IDC). Open Text ©2022 All rights reserved 79

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