Canadian enterprise software firm OpenText is expanding its Philippine footprint with a proposed USD8 million to USD10 million cloud transformation project for BDO Unibank over the next five years, signaling growing investor confidence in the country’s digital economy and accelerating shift toward higher-value technology investments.
The project, discussed during a meeting between OpenText executives and Philippine officials led by Trade Secretary Cristina A. Roque and Finance Secretary Frederick D. Go in Canada, aims to modernize the country’s largest bank while reinforcing the Philippines’ position as an emerging hub for cloud computing, artificial intelligence, and cybersecurity.
Beyond banking, OpenText is also exploring opportunities to support the government’s digital transformation agenda through AI-enabled citizen services, secure cloud infrastructure, cybersecurity, digital records modernization, and digital forensics.
The initiatives could help improve public service delivery while strengthening the country’s cyber resilience and digital capabilities.
Trade Secretary Roque said the planned expansion aligns with the Marcos administration’s push to build a secure, innovation-driven economy powered by advanced technologies.
“The Philippines is positioning itself as a trusted destination for digital investments. Through reforms such as the CREATE MORE Act, the Green Lane initiative, and our expanding technology talent pool, we are creating the right environment for global technology leaders like OpenText to grow and invest,” she said.
OpenText already employs more than 1,300 professionals at its Makati office, one of the company’s largest global delivery hubs and home to its specialized cybersecurity operations serving clients across the Asia-Pacific region.
The proposed investment also reflects the evolving nature of foreign technology investments in the Philippines. Rather than focusing solely on traditional business process outsourcing, global firms are increasingly investing in cloud infrastructure, enterprise software, cybersecurity, and AI-powered services that generate higher-value jobs and deepen the country’s technology ecosystem.
If realized, the BDO project would further strengthen the Philippines’ credentials as a regional digital services hub while supporting the government’s broader strategy of attracting knowledge-intensive investments that enhance productivity, boost innovation, and improve the country’s competitiveness in the global digital economy.
