'Growing economic partnership between Ireland and Canada'
A Canadian headquartered company plans to create 400 jobs with a €105 million investment in Cork and Galway over the next three years.
OpenText’s investment in Ireland will significantly expand the company’s agentic AI, cybersecurity, sovereign cloud, and digital operations capabilities in service of European, Middle East & African (EMEA) economies and public sectors.
OpenText said this is the largest investment into Ireland by a technology company headquartered in Canada, supported by the Government through IDA Ireland.
An Taoiseach Micheál Martin said: “OpenText’s investment in Ireland is a strong endorsement of the deep and growing economic partnership between Ireland and Canada. It reflects the strength of our longstanding relationship and will help create new opportunities for innovation, trade and high-value job creation between our two countries.
“Furthermore, as Ireland prepares to take up the EU Presidency, investments of this scale underline our role in shaping Europe’s competitiveness in AI, digital infrastructure and innovation and reflect the kind of international partnership that will be central to Europe’s future growth and resilience.”
Shannon Bell, EVP, Chief Digital Officer and CIO, OpenText, said organisations across Europe are looking for trusted partners that can help them deploy AI securely, govern it responsibly, and operate with confidence across increasingly complex digital environments.
She added: “This investment expands our EMEA R&D and operations capacity to deliver the trusted AI, cybersecurity, and cloud capabilities our clients already rely on globally, while giving European organisations greater regional support and flexibility across the cloud environments of their choice.”
Michael Lohan, CEO of IDA Ireland, said: “AI is one of the most significant growth drivers in the global economy today, and OpenText’s decision to invest in Ireland reflects our strength as a strategic location for world-leading companies seeking talent, innovation and a trusted environment in which to scale international operations.”
OpenText intends to explore opportunities for university and research collaboration in Ireland as part of its long-term innovation and talent strategy, including potential partnerships focused on AI, cybersecurity, and secure digital operations.