Microsoft (Nasdaq: MSFT) has inaugurated its first technology center in Latin America, in Mexico City, where the IT giant expects to invest US$690mn in the next year, according to press reports.
The facility - located at the Microsoft building in the Mexican capital - will be used to train some 2,300 software developers and is part of a network of 25 sites worldwide, including 11 in the US.
The tech center will offer local and regional organizations an opportunity to test the company's products in simulated environments that replicate the conditions that businesses face in their day-to-day operations, the global director of the Microsoft Technology Center Alliances program, Chuck McCann, was reported as saying.
Additionally, Microsoft has pledged a US$690mn investment in Mexico by November 2012 to support education, local innovation and businesses.
The company is reportedly planning a second center in Latin America, scheduled to open in Brazil in the coming months.