Ontario is partnering with Waterloo-based OpenText to support the company's expansion and create as many as 1,200 jobs.
OpenText 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, behind only California.
"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," said Ontario Premier Kathleen Wynne at the announcement.