Brocade and Guiyang High-Tech Industrial Investment Group Co., Ltd (HTII) announce joint venture in China
Via Brocade Newsroom
May 27, 2016
GUIYANG, CHINA--(Marketwired - May 26, 2016) - At the 2016 International Big Data Expo and Global Big Data Era Summit in Guiyang, Brocade (NASDAQ: BRCD) and Guiyang High-Tech Industrial Investment Group Co., Ltd (HTII), today announced the signing of a joint venture agreement to establish Guizhou Huiling Technology Co., Ltd. (GHTC). The joint venture combines Brocade's leading data center networking solutions with Guiyang's leadership and innovation in Big Data to help customers modernize and transform their networks into platforms for business innovation. GHTC will also support local R&D efforts and will work with the local government and its partners as well as Brocade to develop high-tech talent in the region.
Based in Guiyang, the capital city of Guizhou, China; GHTC is 51 percent owned by HTII, headquartered in Guiyang, China and 49 percent owned by Brocade. The new company will deliver Brocade® IP networking solutions and services, including switches, routers, and storage networking infrastructure to the local government as well as state-owned organizations, universities, and enterprises.
To that end, GHTC will become a member of the Guizhou Big Data Industry Alliance for technology transfer and deployment. Capitalizing on Brocade's leadership in New IP networking solutions -- including software-defined networking, network functions virtualization, network visibility, and mobile networking solutions -- GHTC will play a crucial role in the establishment of the Guizhou Network Virtualization Research and Training Center. The center will provide local R&D support to customers and deliver network virtualization training for universities and enterprises. GHTC also plans to offer Brocade certification programs to help cultivate talent.
GHTC, centered in Guiyang, is a win-win for Brocade and HTII and, more importantly, for Guiyang's Big Data enterprises and China's data networking companies. They will now be able to leverage Brocade's market-validated, unmatched solutions in New IP networking to transform the way they develop, deploy, and manage their networks.
"As Brocade continues to expand our investments in high-growth markets such as China, partnerships with innovative local government entities are critical. Guiyang is not only a place of beauty, it also offers a great environment for investment and industry development. The city government and the High-Tech Zone Committee have provided vigorous support to Brocade's investment, which provides us with much confidence for the future," said Ken Cheng, Chief Technology Officer and Senior Vice President, Corporate Development and Emerging Business, Brocade.
Big Data is a billion-dollar emerging industry and a strategic economic enabler for China. As the leader of Big Data and new Internet technologies in Southwestern China, Guiyang has the core Big Data industry, related industries, and derivative industries in a complete ecosystem spanning Big Data and crowdfunding exchanges, large-scale call center operations, and backend support services.
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