Enterprise networking major Brocade and Guiyang High-Tech Industrial Investment Group announced their joint venture to set up Guizhou Huiling Technology (GHTC) in China.
Brocade will own 49 percent stake in GHTC, and the balance equity will be held by Guiyang High-Tech Industrial Investment Group. GHTC will be based in Guiyang, the capital city of Guizhou, China.
Brocade made the announcement at the 2016 International Big Data Expo and Global Big Data Era Summit in Guiyang.
The joint venture combines Brocade’s data center networking solutions with Guiyang’s Big Data solutions for enterprise customers in China. GHTC will 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 China.
The new joint venture 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.
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 will target Guiyang’s Big Data enterprises and China’s data networking companies.
“As Brocade continues to expand our investments in markets such as China, partnerships with local government entities are critical. The government and the High-Tech Zone Committee have provided vigorous support to Brocade’s investment,” said Ken Cheng, chief technology officer and senior vice president, Corporate Development and Emerging Business, Brocade.