The Virtual Computing Environment Co. (VCE), formed from the joint venture of Cisco and EMC, this week said it is establishing headquarters in Richardson, Texas, and hiring 434 people.
VCE's decision to headquarter in Richardson is laden with incentives. The State of Texas' Enterprise Fund will contribute $2.45 million to fund hiring and expansion, and generate $35 million in capital investment from VCE. And the Richardson City Council is expected to vote soon on a package worth more than $1.2 million in property tax rebates and $500,000 in grants to assist with moving and equipment, according to a story in the Triangle Business Journal.
VCE currently has operations in Dallas, Massachusetts, Silicon Valley and Ireland, and employs 800 people. It was formed by Cisco and EMC with investments from VMware and Intel.
The 434 jobs in Richardson will be new positions and not transfers from other operations, according to the Triangle Business Journal story.
VCE is intended to accelerate the adoption of converged data center infrastructure and cloud-based computing models. It is led by Michael Capellas, former CEO of Compaq and First Data, a payment processing company.
VCE sells its products as pre-integrated sets of switching, storage, servers and virtualization it calls "Vblocks." Cisco contributes switches and its Unified Computing System servers, with virtualization software from VMware. EMC contributes storage arrays to Vblocks.
VCE has signed a long-term lease to occupy at least 87,000 square feet in a Richardson building. VCE expects to take occupancy of the space in the next few months.
VCE's headquarters are in Richardson's "Telecom Corridor," which also is home to some operations for Cisco, EMC, AT&T, Verizon Business and SunGard.
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