On October 31, 2008, the merger of Oasis Merger Corp. ("Oasis"), a wholly-owned subsidiary of Open Text Inc. ("Open Text"), with and into Captaris, Inc. ("Captaris") (the "Merger"), was consummated in accordance with that certain Agreement and Plan of Merger, dated as of September 3, 2008, among Captaris, Open Text Corporation, Open Text and Oasis (the "Merger Agreement") previously filed with the Securities and Exchange Commission (the "SEC") on September 8, 2008. Pursuant to the terms of the Merger Agreement, each share of Captaris Common Stock outstanding immediately prior to the effective time of the Merger was converted into the right to receive $4.80 in cash (the "Merger Consideration"). Upon the closing of the Merger, Captaris became a wholly-owned subsidiary of Open Text.

The description of the Merger contained in this Item 2.01 does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, a copy of which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by Captaris on September 8, 2008.

On October 31, 2008, in connection with the closing of the Merger, Captaris notified the Nasdaq Global Market of its intent to remove its Common Stock from listing on the Nasdaq Global Market and subsequent filings were made with the SEC to delist and deregister its common stock.

The description of the Merger contained in this Item 3.01 does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, a copy of which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by Captaris on September 8, 2008.

Upon the closing of the Merger on October 31, 2008, a change in control of Captaris occurred. Pursuant to the terms of the Merger Agreement, each outstanding share of Captaris Common Share was converted into the right to receive $4.80 in cash, and Oasis merged with and into Captaris. With the closing of the Merger, Captaris became a wholly-owned subsidiary of Open Text. The source of the Merger Consideration was funded by Open Text. The information set forth in Item 5.02 is incorporated herein by reference.

The description of the Merger contained in this Item 5.01 does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, a copy of which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed by Captaris on September 8, 2008.

Pursuant to the terms of the Merger Agreement, on October 31, 2008 at the effective time of the Merger, all the then-current members of Captaris's board of directors resigned and were immediately replaced with directors appointed by Open Text.

Pursuant to the Merger Agreement, on October 31, 2008 at the effective time of the Merger, Captaris's Articles of Incorporation were amended. A copy of Captaris's Articles of Incorporation, as amended pursuant to the Merger, is attached hereto as Exhibit 3.1 and incorporated herein by reference.

Pursuant to the Merger Agreement, on October 31, 2008 at the effective time of the Merger, Captaris's Bylaws were amended and restated in their entirety. A copy of Captaris's Bylaws, as amended and restated pursuant to the Merger, is attached hereto as Exhibit 3.2 and incorporated herein by reference.

(d) Exhibits.

     Exhibit No.   Description
     3.1           Amended Articles of Incorporation dated October 31, 2008.
     3.2           Amended and Restated Bylaws dated October 31, 2008.