Gov. Jan Brewer makes the announcement on Tuesday.
PHOENIX (CBS5) -
Netherlands and Luxemburg-based Stealth Software has selected Arizona as the site of its U.S. headquarters.
Gov. Jan Brewer and the state Commerce Authority on Tuesday said the project will bring hundreds of high-paying jobs and millions in capital investment.
The company offers a software-based solution to help commercial and government organizations in addressing growing data requirements in a secure and cost-effective manner. The amount of data generated is anticipated to grow ninefold every five years; 80 percent is so-called "unstructured data."
"Our Arizona presence will serve as the country's center of our information technology excellence," according to Stealth Software CEO Gerard Warrens.
Stealth Software's U.S. headquarters location represents a $2 million capital investment and the creation of 200 high-wage jobs.
The company selected Arizona over competitive states such as California, New York and Texas, citing Arizona's favorable business environment and rich, highly skilled and affordable talent pool.
Stealth Software also produces an enhancement solution to Sharepoint, Microsoft's top-selling global collaboration software program.
Copyright 2013 CBS 5 (KPHO Broadcasting Corporation). All rights reserved.
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