EMC Announces $100 Million Investment In Brazil; To Open Big Data R&D Center
New Research and Development Center in Rio de Janeiro to Focus on Big Data Analytics for the Oil & Gas Industry
EMC Corporation (NYSE: EMC) today announced its plans to invest an additional $100 million over the next five years in Brazil to strengthen its research and development (R&D), sales, services, and manufacturing capabilities to more effectively serve the rapidly growing Brazilian market. EMC will use a portion of this investment to expand its existing development efforts in Brazil by establishing a new R&D center in Rio de Janeiro primarily focused on the acquisition, analysis, collaboration and visualization of seismic data generated by the oil and gas industry. EMC’s initial plan for the facility is to house an applied research center, solutions laboratories and an executive briefing center.
“We’re excited about the success EMC has experienced in Brazil over the years,” said Pat Gelsinger, President and Chief Operating Officer, EMC Information Infrastructure Products. “Brazil has a bright future and we’re thrilled to be part of it. We’re looking forward to working with the Brazilian government, as well as the Federal University of Rio de Janeiro, and other technology companies to address opportunities that emerge around cloud computing and Big Data.”
Gelsinger continues, “Our global R&D centers are cultivating talent and establishing channels of sustainable collaboration with the best professionals in the world. The new center in Rio will be EMC’s most significant R&D center in Latin America to date, and our very first to primarily focus on uncovering new ways to extract the maximum value from data generated by the oil and gas industry.”
Today’s investment reinforces EMC’s ongoing commitment to Brazil and the Latin America market. In 2007, EMC announced an investment of more than $100 million USD in Brazil that resulted in the creation of EMC’s first manufacturing capability in Latin America, a R&D center focused on Open Source Software, as well as additional resources dedicated to customer support and go-to-market activities.
The cultural and educational importance of Rio de Janeiro and its strategic location in Latin America make it an ideal setting for EMC’s R&D center. The new facility will be built on a site within the Technology Park located on the campus of the Universidade Federal do Rio de Janeiro, on Ilha do Fundão (RJ). This location is in close proximity to technology partners in the energy sector. EMC will also fund research projects at the Federal University of Rio de Janeiro co-located there.
"EMC’s announcement to invest additional resources and build a new R&D center is a major milestone particularly in the State of Rio de Janeiro as it will broaden the scope of the work companies have traditionally done here to include big data and cloud computing research as it applies to the oil & gas industry. The choice made by EMC to settle in Rio de Janeiro makes it clear that the State’s intellectual capital for the oil and gas sector is an important differentiator,” said the Governor of Rio de Janeiro, Sérgio Cabral.
"Rio is one of the best places to live, work and invest in Brazil,” said Eduardo Paes, the Mayor of the city of Rio de Janeiro. “Today, the city breathes prosperity and has a secure future that can be attributed to its dynamic business environment. We consider it an honor that an industry-leader and game-changing technology company like EMC has chosen our city to expand its business."
EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.
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