Desire2Learn Expansion Creating Good Jobs In Waterloo Region
McGuinty Government Invests In E-Learning Technology Used Around The World
Ontario is helping a Kitchener-based business launch new eLearning products, while creating 21 new, good jobs and supporting 33 existing jobs.
The province is supporting Desire2Learn Incorporated, a global leader in providing eLearning software that enables internet-based learning and training in schools, colleges, universities and other leading organizations around the world. The company will continue research to build on their eLearning technology, including teaching and learning applications and mobile learning that will help Desire2Learn increase its share of the growing international eLearning market.Ontario is providing a grant of $4.25 million as part of Desire2Learn's investment of more than $28 million. Working proactively to promote the province's technology sector and support good jobs for Ontario families is part of the government's five-year Open Ontario Plan.
- More than 75 per cent of the Desire2Learn's revenue comes from outside of Canada.
- There are more than 450 institutions around the world using Desire2Learn software.
- Ontario's information and communications technology sector supports 284,000 jobs and in 2008 accounted for $28.4 billion in Gross Domestic Product (GDP).
- As a result of the province's tax changes, taxes on new business investment were cut in half, making Ontario more competitive and encouraging new business investments.
“Desire2Learn has demonstrated a real commitment to research and development. We're proud to support their latest investment that will help the company grow its share of the global eLearning market and create good jobs for Ontario families.”
“Great ideas create great jobs. As Minister of Training, Colleges and Universities, and MPP for Kitchener Centre, I am proud that Desire2Learn's software is making learning more accessible for students around the world while creating jobs here in Waterloo Region.”
“Investing in research and development is not only essential for Desire2Learn to stay at the forefront of the growing eLearning market it is a core component of our business strategy. The Government of Ontario continues to show a strong commitment to supporting innovation, helping us to reach our business goals sooner and adding to our growing team of skilled workers.”