Friday, November 18, 2011

GE investing $1B in Bay Area software hub

"General Electric Co., a maker of power plants, jet engines and medical imaging equipment, said Thursday that it is investing $1 billion in a new software headquarters in the San Francisco Bay Area with plans to hire 400 software-related staffers to develop what it calls the "Industrial Internet.""

"The headquarters will be in San Ramon, about a half-hour drive east of Oakland, in leased space at the Bishop Ranch office complex."

Sacramento Bee

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