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US storage solutions supplier EMC (NYSE: EMC) is looking to invest US$100mn in Brazil over the next five years to consolidate R&D, sales, services and manufacturing processes to meet growing local demand, the company said in a statement.
The investment includes building a new R&D center, which will be established in Rio de Janeiro and will analyze and collect seismic data generated by the oil and gas sector.
With the new center, EMC will look to work in conjunction with Brazil's government and the Rio de Janeiro federal university (UFRJ) "to take advantage of opportunities that arise around cloud computing and large volumes of data," said Pat Gelsinger, EMC's president and COO of information infrastructure products. "The new center will be EMC's largest R&D center in Latin America, and it will be the first to focus primarily on discovering new ways to get maximum value from the data generated by the oil and gas industry."
The investment is an addition to EMC's US$100mn investment in 2007 in Brazil to create the company's first Latin American production factory, as well as an R&D center for open code software and additional funds for customer service and market penetration.
The R&D center will be built on UFRJ premises on Fundão island, close to EMC Brasil's energy sector tech partners.