The retail division of Japanese giant Toshiba is opening an innovation hub in Frisco with a goal of creating 150 jobs over the next two years.
The company said Monday that its new office in Hall Park will accelerate its cloud development growth and add a team dedicated to mergers and acquisitions. The team will also seek technology partnerships to bring innovative techniques to retailers.
“As a recognized leader in digital transformation in the retail industry, we are focused on providing scalable, customer-centric solutions that deliver optimized experiences to meet consumers when, where and how they shop,” said Global Commerce Solutions division CEO Rance Poehler in a statement. “While many tech companies are cutting back, we are investing significantly and expanding to meet new demand created by our commerce platform recognized for accelerating digital transformation to deliver an exceptional retail experience.”
Toshiba will recruit workers with cloud, microservices, and edge computing skills, with a goal of adding 50 hires this year. It has leased 14,341 square feet with 15 offices, four conference rooms, 51 workstations, a break area, and a lounge.
Dallas-Fort Worth was chosen because it’s a central hub to Toshiba’s development centers in Raleigh/Durham, NC; Guadalajara, Mexico, Singapore, Taipei, Tokyo and cities across Europe, according to the company.
“Part of our strategy includes engaging emerging startups in the region to expand our ecosystem,” said division executive vice president and chief technology officer Mike Yeung.
Toshiba Corp. reported sales of $27 billion last year. Its products include power, industrial and social infrastructure systems, elevators and escalators, electronic components, semiconductors, hard disk drives, printers, batteries and lighting.