OpenText invests €105M in Cork and Galway, adding 400 jobs in AI, cybersecurity, and cloud. The Canadian firm doubles its Irish spend as PM Carney visits.
Alpha Score of 48 reflects weak overall profile with moderate momentum, weak value, weak quality, moderate sentiment.
Canadian data-management and cybersecurity company OpenText plans to invest €105 million in its Irish operations, creating 400 jobs in Cork and Galway over the next three years.
The investment doubles OpenText's total spending in Ireland to date, the company said. The new roles will support agentic AI, cybersecurity, sovereign cloud, and digital operations for European, Middle East, and African markets.
IDA Ireland called it the largest single investment in the country by a Canadian-headquartered technology firm. The announcement coincides with Canadian Prime Minister Mark Carney's visit to Ireland this weekend.
"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," said Shannon Bell, Chief Digital Officer and Chief Information Officer at OpenText.
Bell said the expansion adds R&D and operations capacity for the AI, cybersecurity, and cloud products the company already sells globally, while giving European clients more regional support and flexibility across cloud environments.
Taoiseach Micheál Martin described the investment as a strong endorsement of the 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," Martin said.
Michael Lohan, CEO of IDA Ireland, said the investment strengthens Ireland's position in AI and transformational technology. "Particularly welcome is the creation of high-skilled roles across two regional locations, which highlights the depth of talent available throughout the country," Lohan said.
OpenText's Alpha Score sits at 48 out of 100, a Mixed label, in the Utilities sector. The company's stock page is available here.
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