US storage solutions supplier EMC (NYSE: EMC) has laid the cornerstone of its new Brazilian R&D center, located in Rio de Janeiro, local news source TI Inside reported.
The center is being built in the tech hub park of Universidade Federal do Rio de Janeiro (UFRJ) and is funded in part by EMC, the local government and Brazilian oil giant Petrobras, along with support from the state government of Massachusetts in the US.
The center was announced in July and is expected to be operational in 1.5 years.
According to EMC's enterprise and storage president, Brian Gallagher, the center will focus on developing solutions for big data management, especially for the oil and gas industry.
The executive sees opportunities within the sector given the region's pre-salt potential and the high amount of data that will be generated with this industry's development.
According to Carlos Cunha, EMC Brasil's president, the company will invest 100mn reais (US$55.2mn) over the next five years on projects throughout Brazil.