Q1 FY'22 Financial Overview

Acquisition Philosophy: Carbonite Case Study We are: • Patient and disciplined Carbonite Case Study • Growth & returns-based metrics Acquired • 12/24/19 for 2.8x revenue (1) Strategic Rationale Target characteristics: • IM market leadership • Significant ARR • Channel at scale • Cross-sell/upsell opportunities M&A Framework: • In-house expertise in diligence & integration • Driver of future organic growth Revenue Synergies Critical mass in Security & Protection • Scaled SMB channel Strong growth prospects Cross-sell opportunities Increased corporate ARR Expense Synergies • Increased cloud margins On target model in <12 months Improved cash conversion cycle >>>>> opentext™ 1. Total purchase price is approximately 2.8x TTM (Trailing Twelve Months) Carbonite GAAP revenues (as of September 30, 2019), inclusive of annualized full year reported Webroot GAAP revenues, a significant acquisition which closed in March 2019. OpenText ©2021 All rights reserved 33

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