The University of Illinois and Capital One (NYSE: COF), today announced the grand opening of the Capital One Illinois Digital Campus Lab in Research Park. The Digital Campus Lab is Capital One’s newest lab and the company’s first partnership with a university.
The Lab will focus on research and experimentation in data science and data technologies as well as on infrastructure automation and use of the most modern programming frameworks and technologies such as Open Source, Big Data, Cloud, DevOps, among others. University of Illinois students, both undergraduate and graduate, will work year-round in the Lab.
“Engineering is a critical focus for Capital One and we’re attracting top talent – designers, software engineers, data scientists and product managers – and empowering them with the technologies they need to rapidly innovate based on what consumers want today,” said George Brady, Executive Vice President of Technology Operations at Capital One.
The new Lab extends Capital One’s presence in Illinois, where it has a large facility in the Chicago area. The Digital Campus Lab will leverage the strength of data analytics research and education at the University of Illinois, which crosses many disciplines including computer science, math and statistics, finance, and information science.
“With the opening of this Lab, Capital One has shown a commitment to providing realworld opportunities to our students as they apply in real time what they are learning in the classroom,” said interim Chancellor Barbara Wilson. “Adding a customer-facing corporation to the Research Park broadens the experiences our students may tap, enriching their Illinois education.”
The University of Illinois Research Park is home to innovation centers for multinational corporations and publicly traded firms including ADM, Dow Chemical, John Deere, Yahoo!, Anheuser-Busch InBev, Caterpillar, State Farm, Citrix, Raytheon, and Abbott.
About the University of Illinois at Urbana-Champaign
Since its founding in 1867, the University of Illinois at Urbana-Champaign has earned a reputation as a world-class leader in research, teaching, and public engagement. Located on campus, the Research Park at the University of Illinois at UrbanaChampaign is a technology hub for startup companies and corporate research and development operations. Within the Research Park there are more than 90 companies employing students and full-time technology professionals. For more information, please visit illinois.edu and researchpark.illinois.edu.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $208.8 billion in deposits and $310.5 billion in total assets as of June 30, 2015. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.
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Contacts:
Laura Frerichs, (217)
333-8323
lfrerich@illinois.edu
