St. Petersburg - February 20, 2007 -
EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today unveiled plans to build a state-of-the-art software development center in St. Petersburg, Russia. EMC also announced plans to invest $100 million in Russia over the next four years, underscoring EMC's deepened commitment to the rapidly growing Russian marketplace.
Sanjay Mirchandani, Senior Vice President, Emerging Markets & International Development for EMC, said, "Russia is an important and rapidly growing market for EMC as businesses and government organizations here aggressively invest in new and innovative uses of information infrastructure technology. The country also has some of the world's most talented software engineers and mathematicians, and we look forward to attracting these individuals to EMC and incorporating their contributions into cutting-edge products being deployed by our customers around the world."
EMC's St. Petersburg-based software development center will provide support and ongoing development across the company's broad portfolio of market-leading software solutions. The center, which is part of EMC's planned $100 million investment, will be lead by Igor Agamirzian, General Manager of EMC's Russian Software Development. Agamirzian recently joined EMC after spending 11 years with Microsoft (see today's related announcement).
Agamirzian said, "I am thrilled to lead EMC's innovation efforts in a city world-renowned for its rich engineering resources. The new center will enable us to use the city's knowledge base to continue to strengthen our innovation engine and augment our global R&D organization."
The new center is part of EMC's global research and development investment. Today EMC has software development centers in Belgium, China, India, Ireland, Israel, Russia, and the United States.
EMC had software license and maintenance revenues of $4.2 billion in 2006, ranking the company sixth among the world's largest enterprise software providers. It is the market leader in information management and storage software, virtual infrastructure, and identity management, and the world's fastest growing provider of content management software.
EMC entered the Russian market in 2000*. Today EMC employs approximately 100 software development and customer-servicing professionals across operations in Moscow and St. Petersburg. The company expects to grow its Russian employee-base to more than 250 by year-end. In addition to the new software center, EMC's planned investment in Russia includes extending and localizing the level of service and support that the company provides to its local customers.
Luc Brunet, General Manager of EMC's Russian and CIS operations, said, "Russians have unique and pressing information needs. Organizations both large and small are looking for new ways to put their information to work and better leverage its value. Our planned investment will further improve how we service our customers here, while making an important contribution to Russia's information economy."
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