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SOURCE Ministry of Economic Development, Trade and Employment - Ontario, Canada
TORONTO, WATERLOO and OTTAWA, Ontario, April 25, 2014 /PRNewswire/ -- Ontario, Canada is partnering with technology leader OpenText, 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.
OpenText will be hiring in the Waterloo Region, Toronto, Richmond Hill, Peterborough, Kingston and Ottawa. The jobs will include 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.
The investment bolsters Ontario's position as North America's second biggest centre for information and communications technology. Ontario's highly skilled workforce, R&D incentives and competitive business climate are key factors in attracting new investments from companies such as OpenText.
"This investment is a terrific example of how government can partner with business to help create jobs and grow the economy. OpenText is a great Ontario success story, and we are proud to support its continued growth here in the province in the Waterloo Region, Toronto, Richmond Hill, Peterborough, Kingston and Ottawa."
–– Kathleen Wynne, Premier of Ontario
"Ontario's technology sector has established a tremendous momentum that has positioned the province front and centre as business leaders around the world make decisions about where to invest and grow. 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."
- Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment
"At OpenText, our employees are our most valuable assets, and our commitment today validates the strength of the technology talent pool in Ontario. 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."
- Mark Barrenechea, President and CEO of OpenText
International Public Relations
Ministry of Economic Development, Trade and Employment
Ministry of Research and Innovation
Government of Ontario
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