Open Text Investing $225 Million in Product Innovation and Jobs

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.