OpenText and Ontario government team up for job creation 

According to the agreement, OpenText has pledged to create 1,200 jobs in the province over the next seven years. Ontario will commit up to $120 million in support of the initiative.

“At OpenText, our employees are our most valuable assets, and our commitment today validates the strength of the technology talent pool in Ontario,” said Mark Barrenechea, president and CEO, 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 start-up communities.”

According to the terms of the agreement, over 30 per cent of the jobs created will be in research and development, while another 10 per cent will be reserved for youth under the age of 29.

Additionally, OpenText indicated that it will be opening a worldwide customer briefing centre and offices in downtown Toronto. The company currently has offices in Waterloo, Ottawa, Peterborough, Kingston, Richmond Hill, Montreal, and Calgary.

“I am thrilled that OpenText, a made-in-Ontario success story, decided to carry out this expansion here,” said Kathleen Wynne, Premier, Ontario. “We are proud to partner with OpenText to help create good jobs in Ontario and build a brighter future for our province.”

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