EMC Corporation (EMC) has unveiled plans to open a state-of-the-art software development center in Shanghai.
EMC also announced plans to invest US$500 million in China over the next five years, underscoring EMC's deepened commitment to the rapidly growing China marketplace.
Expected to open next month, the center is part of EMC's planned investment and will be the company's first China-based research and development facility.
Joe Tucci, EMC's Chairman, President and CEO, said, "We at EMC are deeply committed to China for the long term. We plan to more than double our current investment in China so that we can more fully tap into the country's tremendous pool of talented engineers, contribute to its growing software industry, and accelerate the development of software-based solutions used by customers around the globe."
The new center is part of EMC's global research and development investment, which is expected to be more than US$1.2 billion in 2006. In China, EMC has established a comprehensive China Solutions Center network, deepened its relationships with key Chinese customers, created partnerships with software and systems integration solution providers, opened training centers to certify networked storage specialists, and made significant contributions to the academic community in China.
Last year, EMC's overall software revenues ranked the company seventh among the world's largest enterprise software providers. EMC is the world's top provider of storage and content management software.
According to IDC, EMC is the top storage software vendor in China, capturing 39% of the country's storage software revenue in 2005.
EMC's Shanghai-based development center will provide support and ongoing development across the company's broad portfolio of market-leading software solutions, and will play a role in accelerating the localization of EMC products for China and other Asian markets. The center is expected to employ approximately 100 developers by year-end and grow to 500 by the end of 2008. It is part of EMC's network of state-of-the-art development facilities in the U.S., Belgium, France, India, and Israel.
EMC entered the Chinese market in 1996 and today operates major sales offices in Beijing, Shanghai, Guangzhou and Chengdu.