Valtech has opened its doors in College Station.
The computer based company is located in the 700 block of University Drive.
Valtech is a software and product development company focused on helping businesses create computer software and programs.
The company's CEO Jonathan Poole addressed company employees and guests Friday morning. There was also a traditional ribbon cutting ceremony.
The company plans on sharing its resources and training facilities with Texas A&M University students interested in computer science and computer software developing.
Valtech plans on contributing about $1 million to the local economy. It will also be hiring 40 new employees within the next 12 months.