Thomson Reuters new Toronto tech hub to focus on cognitive computing and cloud development, will create 1500 jobs

Thomson Reuters announced the opening of a new technology centre in Toronto in an effort to expand Canadian operations, and the organization says it will create 400 technology jobs over the next two years. The plan is to grow to 1,500 jobs over time.

Thomson Reuters hopes that establishing the Centre in downtown Toronto will encourage cross-collaboration between Kitchener-Waterloo and Toronto, and attract top tech talent from the corridor. The location of the Centre is apparently “strategic” due to its proximity to large and strategic customers, and projects coming out of the Centre will focus on “customer-driven innovation” in FinTech.

“Canada is not only our home, it is home to an emerging ecosystem of world-class technology talent,” said Jim Smith, president and chief executive officer of Thomson Reuters. “Our new Technology Centre furthers our commitment to growing Canada’s preeminent hub of innovation, and to building the customer-centric platforms and solutions of the future. We applaud the Canadian federal, provincial and municipal governments for making jobs, innovation and the knowledge economy a top priority and look forward to our role in supporting these initiatives.”

CEO Smith and Thomson Reuters CFO Stephane Bello will be relocating to Toronto in 2017. Additional management will be relocated to Toronto over the next few years.

The Centre will be initially located in Bremner Tower and focus on emerging skills like cognitive computing, visualization, user experience, and cloud development. Thomson Reuters will start hiring in the coming weeks, with focus on skills related to the company’s cognitive computing initiatives and core development.

“Today’s news is an example of how great things can happen when the public and private spheres work together – for the betterment of Canadian workers, and Canadian families,” said Prime Minister Justin Trudeau.

Thomson Reuters has established a presence in tech hubs between the Waterloo Region corridor in the past. Since 2015, the Thomson Reuters Labs has been hosted in Communitech, and Thomson Reuters sponsors the MaRS LegalX cluster.

[source] Thomson Reuters [/source]

This article was originally published on BetaKit