Ontario, Canada Partners With OpenText for Expansion
Ontario, Canada is partnering with technology leader OpenText Corp., a made-in-Ontario success story, to support the company’s expansion and create as many as 1,200 jobs.
Waterloo-based OpenText — a powerhouse in enterprise information management software and Canada’s largest software company — will carry out its key research and development work on cloud computing in Ontario. OpenText will invest up to $2 billion in its Ontario operations, supported by a provincial grant of up to $120 million.
The company will fill jobs in high-value research and development positions and in marketing, human resources, accounting and facilities management. Through this project, OpenText will expand its workforce in Ontario to more than 2,400.
“At OpenText, our employees are our most valuable assets, and our commitment today validates the strength of the technology talent pool in Ontario,” says Mark Barrenechea, president and CEO of OpenText. “We are an Ontario-grown global company. And we chose to invest here because of the highly educated workforce, our strong university partnerships in R&D, as well as the province’s robust and innovative startup communities. This initiative is about immediate and long-term job creation at OpenText. A strong OpenText means a stronger Ontario.”
The investment bolsters Ontario’s position as North America’s second biggest center for information and communications technology. Ontario’s highly skilled workforce, R&D incentives and competitive
“Ontario’s technology sector has established a tremendous momentum that has positioned the province front and center as business leaders around the world make decisions about where to invest and grow,” says Dr. Eric Hoskins, minister of Ontario’s Ministry of Economic Development, Trade and Employment. “OpenText’s decision to invest and create jobs here in Ontario is a vote of confidence in our tech sector and in the talented people who help it thrive and grow. This is about advanced technology, but it’s also about everyday people — ensuring that families have stable employment and that young people in school have prospects when they graduate.”
Illustration by Stuart Miles at Free Digital Photos.net