Open Text, Canada's largest independent software company, will embark on a five-year, $225 million research project at its Waterloo, Ottawa and Richmond Hill offices, it announced last week. The undertaking includes a grant of $33.75 million from the Ontario government and is expected to create 400 jobs across the province.
The company -- whose current products are used by 100 million users in 114 countries -- specializes in digital data storage and management. This new project will conduct research into emerging market sectors, including green computing and mobile applications.
According to company media spokesperson Stephanie Fazio, the new jobs will be overwhelmingly for R&D professionals, though she said that at this time the company was unable to project exactly how many of the new employees would work from Open Text's GTA hub in Richmond Hill.
Author: Edward Keenan
Source: Stephanie Fazio, Media Relations, Open Text
Got an Innovation and Job News tip? Contact Edward Keenan at [email protected].