Cisco-EMC joint venture lured to Texas with incentives

The Virtual Computing Environment Co. (VCE), formed by the joint venture from Cisco and EMC, said this week that it is establishing its headquarters in Richardson, Texas, and the hiring of 434 people.

VCE decision based in Richardson is loaded with incentives. The State of Texas Enterprise Fund will provide $ 2,450,000 to finance the recruitment and expansion, and generate $ 35 million in capital investment VCE. Richardson and the City Council is expected to vote soon on a package worth over $ 1.2 million in property tax refunds and $ 500,000 in donations to help with moving and equipment, according to an article 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 to VMware and Intel investment.

The 434 jobs in Richardson will be new positions and not transfers from other operations, according to Triangle Business Journal story.

VCE is intended to accelerate the adoption of converged infrastructure, data center and computer models in the cloud. It is run by Michael Capellas, former CEO of Compaq and First Data, a payment processing company.

VCE sell their products as pre-integrated joint distribution, storage, servers and virtualization is called a V block. ” Contributes Cisco switches and servers Unified Computing System, with VMware virtualization software. EMC storage arrays helps to block V.

VCE has signed a long term lease to occupy at least 87 square feet in a building in Richardson. VCE expects to take occupancy of space in the coming months.

VCE headquarters are in “Telecom Corridor” in Richardson, which is also home to some operations of Cisco, EMC, AT & T, Verizon Business and SunGard.