Japanese information technology company NTT DATA Corp. is spending $10 million to open a Nashville office and hire 350 employees. The company is the title sponsor of the IndyCar series, which is scheduled to run its first race on the streets of Nashville in August.

NTT is ranked No. 62 on the fortune Global 500, employing 130,000 people in more than 50 countries.

“NTT DATA’s decision to locate a strategic innovation and digital delivery center in Nashville underscores the vibrant economy and highly-skilled workforce of the entire Nashville region,” Gov. Bill Lee said in a statement.

Here’s the release from the state:

NASHVILLE, Tenn. – Tennessee Gov. Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and NTT DATA officials announced today that the company will establish an innovation and digital delivery center in Nashville.

The global IT services leader will invest $9.9 million and create 350 jobs, including a focus on healthcare and manufacturing technology, as a result of the project.

NTT DATA’s new center will focus on developing and deploying digital and industry skills within the IT sector. The company will provide U.S.-based service delivery to local, national and international clients and serve as a cross-industry and technology showcase from its office in downtown Nashville’s Capitol View.

NTT DATA Corporation, based in Tokyo, Japan, is one of the world’s largest IT and business service providers. Ranked 62nd in the Fortune Global 500, NTT DATA Corporation employs 130,000 people worldwide and delivers services in more than 50 countries. NTT DATA Services is a U.S.-based division with headquarters in Plano, Texas that employs more than 50,000 professionals who work with the world’s leading brands.

Over the last five years, TNECD has supported nearly 65 economic development projects in Davidson County, resulting in more than 18,000 job commitments and $2 billion in capital investment.