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									Richardson Contact: Colby Walton                    VCE Contact: Christina Dalit
972-580-0662 x23                                    212-905-6267
colby@cookseypr.com                                 vce@theoutcastagency.com

FOR IMMEDIATE RELEASE

 VCE, MAJOR CLOUD COMPUTING COMPANY, ESTABLISHES
HEADQUARTERS, PLANS MAJOR EXPANSION IN RICHARDSON
      Gov. Perry Awards Company $2.45-Million Texas Enterprise Fund Grant
      to Facilitate Growth; VCE Adds to Cloud Computing Assets in Richardson

RICHARDSON, Texas – March 15, 2011 – Texas Governor Rick Perry and cloud
computing company VCE, The Virtual Computing Environment Company, today
announced a $2.45-million Texas Enterprise Fund investment in VCE, in conjunction
with the company’s plans to establish its headquarters in Richardson. The investment is
expected to create 434 high-paying jobs and generate an estimated $35 million in capital
investment.
       “Communities like Richardson continue to attract jobs and fuel our state’s diverse
economy thanks to investments from the Texas Enterprise Fund that help attract
companies like VCE,” Gov. Perry said. “Texas’ low taxes, reasonable and predictable
regulatory climate, fair legal system and skilled workforce have made the Lone Star State
a beacon for job creation and economic growth, and strengthening these principles will
help ensure our continued success.”
       VCE, which currently has U.S. operations in Dallas, Massachusetts and Silicon
Valley, was formed by Cisco and EMC with investments from VMware and Intel. VCE
accelerates the adoption of converged infrastructure and cloud-based computing models
that dramatically reduce the cost of IT while improving time to market for customers.
       “VCE is focused on the next generation data center and the future of cloud
computing, and the Texas Enterprise Fund grant will help further our growth,” said
Michael D. Capellas, Chairman and CEO, VCE. “With a vibrant tech community and
deep talent pool, Richardson is a great community in which to build a business.”




                                        --more--
VCE Establishes Headquarters and Plans Growth in Richardson, Receives $2.45
Million Texas Enterprise Fund Grant, continued


          VCE has signed a long-term lease to occupy at least 87,000 square feet in the
Collins Crossing building at 1500 N. Greenville Ave. in Richardson. VCE expects to take
occupancy of the space by the Spring of 2011.
          In coming to Richardson’s internationally known Telecom Corridor® area, VCE
joins other leading companies with a cloud computing-related presence in Richardson,
such as AT&T, Verizon Business, Digital Realty Trust and SunGard, as well as Cisco
and EMC. VCE also adds to a string of major developments recently completed or
planned for the central corridor of Richardson. Blue Cross Blue Shield of Texas’ new
headquarters, the start-up of Texas Instruments’ RFAB facility, mixed-use projects such
as Eastside and The Venue, and the potentially transformative, transit-oriented
development just south of the U.S. 75 – President George Bush Turnpike intersection (for
which the Richardson City Council recently approved rezoning) all signal the continued
resurgence of the Telecom Corridor area.
          “With the addition of VCE, Richardson is once again re-asserting its leadership in
technology innovation and demonstrating the powerful synergies available in our
community,” said Richardson Mayor Gary Slagel. “Thanks to a tradition of high-tech
leadership, a deep talent pool, a strong educational base and outstanding community
support, Richardson is poised to build on its global reputation by being at the forefront of
the emerging cloud computing sector. The future is truly bright for Richardson.”
          Reid Caldwell, principal with Transwestern, and Chris Hipps, managing director
with Transwestern, negotiated the lease on behalf of the property owner, Franklin Street
Properties. Greg Langston, managing principal, Susan Blair, senior vice president, and
Bret Hefton, vice president, all with Cresa Partners, negotiated the lease on behalf of the
tenant.
          “We are extremely excited about VCE and its plans,” said Caldwell. “This deal
was extremely complicated and happened in a very compressed time frame. Its
completion represents a great win for the city, Franklin Street Properties and the entire
region. The addition of VCE speaks to the dynamic, supportive business environment for
which Richardson is known.”
          “VCE’s decision to select this area for its corporate headquarters is not a gamble,”
said Langston. “This is a validation that the State of Texas, and the DFW Metroplex in
particular, are absolutely open for business.”
VCE Establishes Headquarters and Plans Growth in Richardson, Receives $2.45
Million Texas Enterprise Fund Grant, continued


About VCE
       VCE, the Virtual Computing Environment Company formed by Cisco and EMC
with investments from VMware and Intel, accelerates the adoption of converged
infrastructure and cloud-based computing models that dramatically reduce the cost of IT
while improving time to market for our customers. VCE, through the Vblock platform,
delivers the industry's first completely integrated IT offering with end-to-end vendor
accountability. VCE's prepackaged solutions are available through an extensive partner
network, and cover horizontal applications, vertical industry offerings, and application
development environments, allowing customers to focus on business innovation instead
of integrating, validating and managing IT infrastructure. For more information, go to
www.vce.com.
About the Texas Enterprise Fund
       The legislature created the TEF in 2003 and re-appropriated funding in 2005,
2007 and 2009 to help ensure the growth of Texas businesses and create more jobs
throughout the state. TEF projects must be approved by the governor, lieutenant governor
and speaker of the House. The fund has since become one of the state’s most competitive
tools to recruit and bolster business. To date, the TEF has invested more than $430
million and closed the deal on projects generating 57,305 new jobs and more than $14.7
billion in capital investment in the state. For more information about the TEF, please visit
http://www.texaswideopenforbusiness.com/financial-resources/texas-enterprise-
fund.html or http://www.governor.state.tx.us.
About the Richardson Economic Development Partnership
       The Richardson Economic Development Partnership (REDP) is a joint effort of
the City of Richardson and the Richardson Chamber of Commerce, dedicated to building
a vibrant and thriving local economy by attracting new investment and jobs through
marketing, recruitment and working with existing employers. The REDP offers numerous
services to companies considering expansion or relocation to the Telecom Corridor®
area, including broker and real estate referrals, cost of business analyses, incentives,
partner and executive introductions, relocation assistance, site selection, tours and city
information.
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