EMC to Open Cloud and Big Data R&D Center in Russia

HOPKINTON, Mass. and MOSCOW, Feb. 8, 2012 /PRNewswire/ --

Full Story:

EMC Corporation (NYSE: EMC) today announced it plans to establish an R&D center in the Skolkovo Foundation's Innovation Hub in Russia that will focus on development of cloud infrastructure solutions and Big Data analytics technologies for Bioinformatics and Energy Efficiency.  EMC also plans to collaborate on research projects in these and other areas with Russian universities, government agencies, and local and multinational companies in the Skolkovo community. The new EMC facility will be located at the Skolkovo Innovation Center and will work in close cooperation with EMC's existing R&D center in St. Petersburg. The agreement was signed today in Moscow by Joel Schwartz, EMC's Senior Vice President, and Viktor Vekselberg, Skolkovo Foundation President.

The Skolkovo Foundation is a non-profit organization focused on establishing an innovation hub to stimulate innovative entrepreneurship that will benefit Russia and the global economy. Skolkovo's goal is to leverage Russia's resources in the field of contemporary applied research and create a favorable environment for undertaking scientific developments in five priority areas of technological development: power engineering and energy efficiency, space, bioinformatics, nuclear and computer technologies.

In Skolkovo, EMC plans to initially focus on developing cloud infrastructure and Big Data analytics solutions for:

• Bioinformatics – Cloud and Big Data analytics technologies that will enable the study of larger quantities of biological data, at a higher precision and in shorter periods of time, to accelerate advancements in personalized medicine. These technologies are expected to be applied to molecular medicine, pharmaceuticals, biomedicine, and industrial biotechnologies.
• Energy Efficiency – Big Data analytics tools that will provide actionable intelligence from the massive amount of new smart metering and smart grid data to benefit energy-generating infrastructures in Russia and the rest of the world.
• Skolkovo Cloud Infrastructure: EMC also expects to be a technology provider for the Skolkovo community's cloud infrastructure supporting organizations generating massive amounts of data.

EMC's Skolkovo center will be part of its global network of R&D centers operating in Brazil, China, India, Ireland, Israel, Singapore, and the United States. Each center is focused on innovative research and development of EMC offerings such as cloud, Big Data, security, virtualization, information management, and information governance.

EMC Executive Quote:

Joe Tucci, Chairman & CEO, EMC Corporation:

"EMC's global R&D centers are cultivating talent and facilitating collaboration with the best professionals in the world. The new center at Skolkovo will be EMC's first to focus on cloud and Big Data technologies for Bioinformatics and Energy Efficiency and our efforts there could completely transform the way data in these areas is analyzed and stored. We are proud to be a member of the Skolkovo community and look forward to a bright future in Russia."

Supporting Quote:

Viktor Vekselberg, President, Skolkovo Foundation

"As a global leader in enabling its customers to store, manage, protect and analyze data, EMC is uniquely qualified to help the Skolkovo community achieve maximum effectiveness by working with their most valuable asset: information."

EMC in Russia

EMC established its presence in Russia in 1993 and opened its St. Petersburg R&D center in June of 2007. EMC Russia employs hundreds of professionals and has offices in Moscow, St. Petersburg, Ekaterinburg, and Novosibirsk.   EMC also actively works with leading Russian universities, 45 of which, are EMC Academic Alliance partners, including Lomonosov Moscow State University, National Research Nuclear University (MEPHI), Bauman Moscow State Technical University, St. Petersburg State University and many others. Since 2000, EMC Russia has successfully completed thousands of  projects for local companies from a variety of industries, including financial services and manufacturing, as well as for scientific institutions, telecom and scientific and public sector. EMC technologies are currently used by Russia's ten leading telecom providers, fifteen of the twenty largest banks, eight of the ten largest insurance companies and the ten largest steel companies. In 2009 EMC was recognized by the Federal Assembly of Russia as the "Best Employer in Russia."

About EMC

EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.russia.EMC.com.

About Skolkovo Foundation

The Skolkovo Foundation for new technologies development and commercialization is a non-profit organization, founded by the initiative of the Russian Federation President Dmitry Medvedev in September 2010.

Skolkovo's goal is to leverage Russia's resources in the field of contemporary applied research and create a favorable environment for undertaking scientific developments in five priority areas of technological development: power engineering and energy efficiency, space, bioinformatics, nuclear and computer technologies.

This project plan incudes the foundation of the Skolkovo Institute of Science and Technology (Skolkovotech), research institutes, business incubator, technologies development and commercialization centers and R&D centers, residence building and social infrastructure, and following distribution an effective regulations for other Russian innovation regions. Innovation center "Skolkovo" activity is regulated by law which provides special economic conditions for its residents.

Additional Resources

• Read about EMC Russia
• Learn more about the Skolkovo Foundation
• Connect with EMC via Twitter, Facebook, YouTube, LinkedIn and ECN

EMC is a registered trademark of EMC Corporation in the United States and other countries. Other products and/or services are trademarks of their respective owners.

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

SOURCE EMC Corporation

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