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Open Text Creating Nearly 400 New Jobs with Ontario Support

Ontario is helping Canada's largest independent software company develop innovative new digital media products, while creating almost 400 new, high-value jobs in Ontario.

A global leader in digital media and information and communications technology, Open Text is conducting research and development into emerging segments of the market, including green computing, mobile applications and high performance systems. These innovations will help Open Text to capture a larger share of the growing digital media industry.

The province is providing a grant of $33.75 million (GBP 21.73 million) through the Next Generation of Jobs Fund, as part of Open Text's total investment of $225 million (GBP 145 million) over the next five years. The project will create jobs at Open Text's operations in Waterloo, Richmond Hill and Ottawa.

"This is a strategic investment that anchors Open Text's operations in the province and furthers Ontario's reputation as a leader in digital media and information and communications technology. We're proud to support Open Text's latest investment that creates high-value jobs for Ontario families," said Sandra Pupatello, Minister of Economic Development and Trade.

"The digital media revolution is creating tremendous opportunities for growth and innovation. Open Text is committed to a long-term growth strategy within Ontario. The province offers the talent and opportunities for collaboration that are essential to achieving our business goals," Said Tom Jenkins, Executive Chairman and Chief Strategy Officer, Open Text Corporation.

QUICK FACTS

-- Open Text develops software that helps organizations to effectively store, preserve and manage digital content, including business documents, vital records, images, audio, video, email, forms, reports and more. Open Text's solutions are used by 100 million users in some of the world's largest organizations and government agencies in 114 countries.

-- To date the Next Generation of Jobs Fund has already leveraged over $3 billion (GBP 1.93 billion) in industry investment and secured almost 6,000 high-value jobs over the next five years.

SOURCE: Ontario 






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