Google, Desire2Learn, University of Waterloo VeloCity and The
Communitech Hub Expand Jobs, Premises
WATERLOO REGION, ON, Feb. 2, 2012 /CNW/ - Waterloo Region's tech sector
growth trajectory continues this week with a celebration at The
Communitech Hub of expansions and job growth - an open house event to
be attended this morning by Ontario Premier Dalton McGuinty. The
celebration marks growth milestones including:
Google http://www.google.ca/intl/en/jobs/waterloo which continues to grow, expanding its current premises by another
11,000+ square feet for a total of 53,656 square feet at The Tannery
Building in downtown Kitchener -- also home to The Communitech Hub;
Desire2Learn www.desire2learn.com -- a learning solutions company in growth mode with 200 job openings --
expanding to take over another full floor at the Tannery Building
occupying 67,000 square feet in total;
The University of Waterloo's VeloCity incubator http://velocity.uwaterloo.ca moving into a new, expanded 6,500 square foot workspace in The
The Communitech Hub www.communitech.ca celebrating the grand opening of another 14,000 square feet of space,
bringing its total floorspace to 44,000 square feet.
"Ontario's innovation engine is on full throttle as we can see today at
this celebration in Waterloo Region," said Premier McGuinty.
"Innovation programs that the Province has supported including
contributing to The Communitech Hub which opened just 18 months ago,
are working for all Ontarians -- building a stronger economy for
"We're excited about the results that are being attained in Waterloo
Region, driving innovative technologies, bringing those innovations to
market and creating companies and jobs in Ontario, and we congratulate
those here today who are in expansion mode and contributing to the
vibrancy of the tech sector," said Iain Klugman, CEO of Communitech.
Since first announcing its move to The Tannery, Google has doubled in
size and continues to be one of the top engineering offices in
Kitchener-Waterloo, driving tremendous growth and innovation worldwide.
"Kitchener-Waterloo is a great place to work and invest, and we are
proud to be a part of the community, and a partner with Communitech to
support not only our growth but the entire community's success," said
Steve Woods, Engineering Director at Google.
Desire2Learn develops innovative solutions to help transform the
learning experience and create a world where everyone has the
opportunity to excel. The company is realizing phenomenal growth, with
nearly 400 employees and more than 8 million users worldwide.
"We're thrilled to be an active contributor to the innovation being
generated in this Region," commented John Baker, President and CEO,
Desire2Learn Incorporated. "The outstanding products and services
coming out of the Waterloo Region technology sector are having a
dramatic impact around the globe."
The University of Waterloo's VeloCity program aims to develop Canada's
next generation of successful entrepreneurs. Students take their first
steps in building startups and professional networks while living in
the VeloCity residence on campus and then move up to the next level at
the VeloCity workspace in The Communitech Hub.
"The grand opening of the new VeloCity workspace is a critical milestone
in our continued efforts to foster the next generation of University of
Waterloo mobile, media and web entrepreneurs," said Mike Kirkup,
Director of VeloCity. "The expanded workspace will enable us to
increase collaboration, creative thinking and competition to help
VeloCity companies turn their ideas into businesses."
In 2009 the Province of Ontario invested $26.4 million into
Communitech's $107 million digital media strategy, which is anchored at
The Communitech Hub. In just two short years, job and company creation
has significantly accelerated since the Province's investment, said
Klugman. Within 18 months, demand from companies and requirements for
support services drove the need for the current expansion. Today's
event was held in the newly renovated additional space.
Last week, Communitech reported that 450 startup jobs and 300 new
companies emerged in Waterloo Region during 2011, along with continued
hiring in established companies. Companies working with the Communitech
startups team raised over $70 million in funding from venture
capitalists, angel investors and government incentive programs to fuel
innovation during 2011.
Founded by a group of dedicated entrepreneurs in 1997, Communitech is
the regional hub for the commercialization of innovative technologies
supporting and building a Southwestern Ontario tech cluster of more
than 800 companies that now generates more than $25B in revenue.
Communitech supports tech companies at all stages of their growth and
development - from startup companies, to rapidly growing SMEs, to large
global players - to create greater numbers of successful global
businesses for Ontario and for Canada.
SOURCE Communitech Ltd.
For further information:
Shelley Grandy, Sr. PR Advisor, Communitech, 905-866-2656 or firstname.lastname@example.org