Kitchener-Waterloo-based OpenText said it will create 400 new jobs in Ireland as Prime Minister Mark Carney advanced relations with the country in a state visit last week.
The news: Information management software provider OpenText announced on Friday that it will invest 105 million euros ($170 million CAD) into its Irish operations, creating 400 new jobs over the next three years in its Cork and Galway offices.
The announcement came on the heels of Carney’s visit to Ireland, which resulted in a partnership commitment between the two countries. The partnership includes a deepened cooperation on AI through Canada’s AI for All strategy and Ireland’s new “Digital Ireland” strategy.
From the source: A joint statement between Carney and Irish Prime Minister Micheál Martin pointed to OpenText’s investment in Ireland as evidence that the results of the countries’ AI partnership were “immediate.”
“OpenText’s investment in Ireland is a strong endorsement of the deep and growing economic partnership between Ireland and Canada,” Martin said in the statement.
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Following the thread: OpenText said this commitment doubles its investment in Ireland and will significantly expand its capabilities in agentic AI, cybersecurity, sovereign cloud, and digital operations for the European, Middle East, and African (EMEA) market.
The company said it also intends to explore university and research collaboration in Ireland, with potential partnerships focused on AI, cybersecurity, and secure digital operations.
Final thought: In addition to an AI partnership, the Canada-Ireland joint statement promised to deepen collaboration between the two countries in research, innovation, and emerging technologies.
Canada has collected similar partnerships from countries like the United Kingdom and Germany, and Canadian companies have subsequently expanded into those countries. Toronto-based LLM developer Cohere announced on Monday that it’s tripling its UK footprint with a new London office, not too long after it acquired Germany’s Aleph Alpha to create a “transatlantic AI powerhouse.”
Feature image courtesy OpenText.