The largest
tech company in the industry is now setting up shop in Cambridge.
Cambridge is increasing its reputation as a hub of high-tech and
bio-tech firms to flock to (as we’ve discussed in several recent blog posts).
Hewlett-Packard (HP) is joining the ranks of countless start-ups
mingling amongst massive corporations in the area; most notably
Google, Microsoft, IBM, EMC and Amazon.
A 37,000 square foot establishment just to set up is costing
roughly $10 million and is the new home for Vertica, a big-data
analytics company stationed around Boston that was recently bought
out by HP for a reported $300 million. Currently with a location in
Andover, Massachusetts, HP now will include the 150 workers
formerly of Vertica that will be accompanying them at this new
site. A 30 percent increase in staff has already occurred at
Vertica and the plan is for growth of at least another 30 percent
throughout this new year for the new merged business.
Led by Chris Lynch, this new HP center has plans to bring in
young entrepreneurs, students and to also work closely with K-12
schools for technology themed games, hackathons and other exciting
events. A serious reason for such a move is to situate themselves
in an area full of other world class professionals in the same
field as well as being able to recruit some of the best talent
piping out year-over-year from all of the fantastic Universities
that are in the area.
Overall, Lynch insists that big-data companies can continue to
push on in The Greater Boston Area so much that the leading Silicon
Valley will find it difficult to compete. What is important to him
is to train, mentor and hire young individuals to keep these
brilliant minds here. Lynch has also vowed to help 20 local
start-up companies get off the ground in the big-data field and for
them all to see the light and benefits of keeping their home base
where it all started.
More Information: XConomy.com