OpenText (NASDAQ: OTEX) announced a €105 million investment to create 400 jobs across its sites in Cork and Galway over the next three years. The Canadian data management company said the investment will expand its agentic AI, cybersecurity, sovereign cloud and digital operations capabilities for European, Middle East and African markets.

The investment represents the largest by a Canadian-headquartered technology company in Ireland, according to the press release. OpenText made the announcement in Dublin alongside Irish Prime Minister Micheál Martin and Michael Lohan, CEO of IDA Ireland, the country's investment development agency.

The company said the investment doubles its commitment to Ireland and is part of its cloud-of-choice strategy to enable clients to operate across hybrid public cloud, private cloud and sovereign cloud environments. The new roles will focus on three areas: agentic AI, data sovereignty and cybersecurity.

In agentic AI, OpenText will research how agents are orchestrated and governed, including multi-agent collaboration and system boundary enforcement. For data sovereignty, developers will build compliance mechanisms that give organizations control over where data lives and how it is governed. The cybersecurity research will focus on threat detection and response for regulated environments.

"Organizations 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, executive vice president and chief digital officer at OpenText.

OpenText said it intends to explore opportunities for university and research collaboration in Ireland as part of its long-term innovation strategy. The company has operated for more than 35 years helping organizations manage and protect data.