NTX Magazine Volume 1 - Page 30

Industry Spotlight INNOVATION/Information Technology “The overall low cost of doing business in North Texas makes us very capital efficient, so we can focus on our customers and our product, rather than using our resources on overhead that does not contribute to the quality of our technology.” Bettina Bennett, CEO and chief maverick at WhichBox Media a low cost of living and a low cost of doing business. Also, you can’t overlook the benefit of having DFW International Airport, which makes it easy to get to either coast from here, as well as to Asia, South America or Europe.” The world-renowned Telecom Corridor® also attracted Samsung Telecommunications America for the same reasons. A subsidiary of Samsung Electronics, Samsung Mobile opened its U.S. headquarters in Richardson in 1996 and has been the No. 1 mobile phone provider for three years in a row. “[The region] allows Samsung to have a centrally located office in the U.S. to easily meet the needs of our partners, which are located across the country, from coast to coast,” said Dale Sohn, president of Samsung Telecommunications America. “Some advantages of being based here include moderate living costs, great education programs for our employees’ families, a great talent pool for recruitment purposes, and easy access to DFW International Airport.” A Growing Cluster As the state continues to cultivate its pro-business climate, the technology growth in North Texas expands – new companies are moving in, and current companies are getting bigger. “As the non-tech founder of a technology start-up, being in North Texas provides access to top technology talent to build and grow the company,” said Bettina Bennett, CEO and chief maverick at WhichBox Media. “The overall low cost of doing business makes us very capital efficient, so we can focus on our customers and our product, rather than using our resources on overhead that does not contribute to the quality of our technology.” TI recently announced the $6.5 billion acquisition of Santa Clara, Calif.-based North Texas universities collaborate with the region’s tech companies to enhance research and create a well-educated workforce. 28 North Texas Magazine National Semiconductor, and according to Mayes, “It is an important element of our plans to grow our business. Our new wafer-fabrication facility in Richardson is also a key asset in helping us serve our customers, accelerate growth and gain market share.” North Texas also recently won the headquarters of Virtual Computing Environment Company (VCE) to build its new corporate headquarters within the Corridor. The $2.45 million investment from the Texas Enterprise Fund is expected to create more than 400 jobs and generate an estimated $35 million in capital investment. “We’ve built a cluster of technology groups in this region,” Sproull said, and in addition to VCE, he expects to see more growth in the cloud space, and even more data centers choosing to relocate to the area. “I would expect to see a lot more data centers located in the region, as well as cloud service providers. They have strong partners here already, and we have a pretty robust electric grid, which helps the data center industry. “We have a lot of customers here, and so much of the cloud computing environment is tied to software, as is service and IT – and we have a globally competitive capital for that.” And that, he said, is exciting news . z www.ntc-dfw.org