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OpenText and the Province of Ontario Announce Job Creation Initiative to Fuel Technology Innovation and the Digital Economy
OpenText Announces Plans for New Worldwide Customer Briefing Center in Toronto ; Expansion ...
About this update from Open Text Corporation
[{"type":"text","content":"\n\nOpenText Announces Plans for New Worldwide Customer Briefing Center in Toronto; Expansion Plans for Waterloo\n\n\nWATERLOO, Ontario, April 25, 2014 /CNW/ - Ontario Premier Kathleen Wynne and Mark Barrenechea, President and CEO of OpenText™ (NASDAQ: OTEX, TSX: OTC), the global leader in Enterprise Information Management (EIM) and Canada's largest software company, announced today an agreement to create 1,200 jobs across the province over the next seven years, nearly doubling the Company's Canadian workforce.\n\"At OpenText, our employees are our most valuable assets, and our commitment today validates the strength of the technology talent pool in Ontario,\" said Barrenechea. \"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 start-up communities.\"\nOpenText and the Province of Ontario have signed a seven-year agreement that will see OpenText invest up to $2 billion in job creation. Under the terms of the agreement, OpenText will add up to 1,200 high tech jobs within the next seven years. The Province of Ontario will provide OpenText up to $120 million in support of the initiative.\n\"I am thrilled that OpenText, a made-in-Ontario success story, decided to carry out this expansion here,\" said Kathleen Wynne, Premier of Ontario. \"We are proud to partner with OpenText to help create good jobs in Ontario and build a brighter future for our province.\"\nMore than 30 percent of the jobs created will be in R&D and 10 percent will be for youth in the province, those 29 years old and under. \n\"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,\" said Dr. Eric Hoskins, Minister 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 families have stable employment and young people in school have prospects when they graduate.\"\nIn addition to expanding OpenText's footprint at its corpor...