Brocade And Guiyang High-Tech Industrial Investment Group Announce JV In China

(RTTNews) - Brocade (BRCD) and Guiyang High-Tech Industrial Investment Group Co., Ltd or HTII, announced the signing of a joint venture agreement to establish Guizhou Huiling Technology Co., Ltd. or GHTC.

The joint venture combines Brocade's 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(R) 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.