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Open Text announces $1 billion-investment

Open Text announces $1 billion-investment

Canada's biggest software company pronounced today it'll pump $1 bill into research, which contains a boost to its Ottawa operations.Open Text writes software usually for the business world. The firm's chief technology officer told CTV Ottawa this A. M. that one in 3 Net users around the globe uses Open Text products each day.

The large investment in research over the next 5 years is something Eugene Roman asserts the firm must do.The Ottawa facility has about seventy employees at the moment, and also does the vital work of planning how a patron interacts with Open Text products.

"Ottawa is a critical location for us. I used to work in Ottawa at Bell Northwards Research and I know the town has a good talent pool. It's an excellent environment for us and we shall expand in Ottawa.

I'll be pushing to do more in Ottawa, " said Roman. He added the Ottawa office has a "worldwide mandate " and the 1st segment of the enlargement will add four hundred roles. he couldn't stipulate what percentage of those roles will be in Ottawa. Open Text is based in Waterloo, Ont.And is getting ready to build a new building that may double the dimensions of its operation.The company also has offices in the Toronto area.

"One of the drivers for this investment is the digital media area, which offers opportunity for expansion and innovation, " asserted Open Text President and Chairman John Shackleton. The Ontario govt is also investing about $33 million. Open Text is the 15th fastest-growing firms in the world. Roman says enlargement is in progress and the company is searching for hires.

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