As per the Austin American Statesman in a recent article V2Com a Brazilian technology company is opening its first USA office in Austin and will hire 100 employees. The firm develops software and hardware for smart grids to help utility customers reduce losses and manage resources. When Leonardo Lima, the firm’s chief technology officer was asked why Austin he responded Austin is near several universities and they hope to recruit from those schools. Reasons also cited by Lima were because Texas has no income tax and has a favorable business climate.