Open Text Investing $225 Million in Product Innovation and Jobs

Posted by Rob Lewis on 2010-03-04 11:03:00 AM

Open Text announced today announced it will spend $225 Million over the next five years on product innovations and related job creation at its Waterloo, Richmond Hill and Ottawa locations.

At a press conference this morning, Ontario Minister of Economic Development and Trade Sandra Pupatello unveiled a $33.75 Million contribution to Open Text’s initiative from the province’s Next Generation of Jobs Fund.

Open Text’s plans will include almost 400 job opportunities at the company’s Ontario offices in Waterloo, Richmond Hill and Ottawa. Innovations driven by new Research and Development (R&D) efforts in green computing, mobile applications and high-performance systems will help Open Text continue its successful track record in the growing ECM market.

Company:
OpenText
Website:
http://www.opentext.com
Location:
Waterloo, Ontario, Canada

OpenText, an enterprise software company and leader in enterprise content management, helps organizations manage and gain the true value of their business content. OpenText brings two decades of expertise supporting millions of users in 114 countries. Working with our customers and partners, we bring together leading Content Experts to help organizations capture and preserve corporate memory, increase brand... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more

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