Open Text Innovation Creating Jobs: McGuinty Government Support Helping Create Nearly 400 New Jobs

Open Text Innovation Creating Jobs: McGuinty Government Support Helping Create Nearly 400 New Jobs

NEWS

Ontario is helping Canadas 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 through the Next Generation of Jobs Fund, as part of Open Texts total investment of $225 million over the next five years. The project will create jobs at Open Texts operations in Waterloo, Richmond Hill and Ottawa.

QUOTES
This is a strategic investment that anchors Open Texts operations in the province and furthers Ontarios reputation as a leader in digital media and information and communications technology. Were proud to support Open Texts latest investment that creates high-value jobs for Ontario families.
Sandra Pupatello, Minister of Economic Development and Trade

Our government knows that going forward, the jobs and skills of tomorrow will be different than yesterdays. Supporting innovative companies like Open Text is part of our governments plan to create a knowledge economy that future generations can build on - and rely on.
John Milloy, Minister of Research and Innovation and MPP for Kitchener Centre

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.
— 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 Texts solutions are used by 100 million users in some of the worlds largest organizations and government agencies in 114 countries.
To date the Next Generation of Jobs Fund has already leveraged over $3 billion in industry investment and secured almost 6,000 high-value jobs over the next five years.

LEARN MORE
Find out more about Ontarios Information and Communications Technology sector.

ontario.ca/economy-news

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