OpenText (OTEX,OTEX.TO) has announced a 105 million euros investment that will create 400 new jobs across its sites in Ireland over the next three years. This commitment doubles the company's investment in the country and will significantly expand its capabilities in agentic AI, cybersecurity, sovereign cloud, and digital operations to support economies and public sectors across Europe, the Middle East, and Africa (EMEA).
The expanded European operations will enhance regional capacity for organisations operating in highly regulated and mission-critical environments. This includes those requiring greater control over data governance, cyber resilience, and cloud deployment models.
The investment forms part of OpenText's cloud-of-choice strategy, which aims to provide clients with the flexibility to operate across hybrid public cloud, private cloud, and sovereign cloud environments, tailored to their operational, regulatory, and security requirements.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.