RICHARDSON, TX-Cloud computing company VCE has chosen the city’s internationally known Telecom Corridor for its world headquarters. The company, which was formed by Cisco and EMC with investments from VMware and Intel, received a $2.45-million grant from the Texas Enterprise Fund and will create 434 high-paying jobs with an average salary of $125,000.

VCE currently occupies about 16,000 square feet of temporary space in Dallas and also has offices in Boston, where EMC is headquartered, and Silicon Valley, where Cisco is based. The company evaluated all three metro areas as a potential headquarters location before choosing Richardson, according to Grace Trent, a spokesperson for VCE. In particular, the company found the Metroplex fertile ground for recruitment and hiring given the number of universities and colleges in Texas.

Trent tells GlobeSt.com that both Cisco and EMC have offices in the Metroplex that could have accommodated VCE’s current operations. “They had some space for us, but we are growing so quickly, we wanted our own space and borrowing a corner from them wasn’t going to cut it,” she says, adding that the company already employs 130 North Texans. “Our current space is overflowing--we have four or five people in each office.”