EMC Announces Another Acquisition
Hopkinton-based data storage giant EMC Corp. has announced its second acquisition this week.
On the heels of Monday's announcement that the company was purchasing Waltham-based software firm Aveska Inc., EMC said today that it's signed an agreement to buy ScaleIO. The privately-held ScaleIO focuses on scalable server-based storage software. EMC said the acquisition accelerates its strategy to deliver Flash across all server and storage infrastructure.
ScaleIO will operate within EMC's flash product division. Its Elastic Converged Storage software will become an integral part of the EMC XtremSW Suite launched earlier this year with the goal of allowing customers to better utilize and manage server-based Flash storage, EMC said.
"Flash now permeates every layer of IT — in virtualized and non-virtualized environments. Enterprise workloads are diverse in nature, and EMC is committed to offering our customers and partners choice in their Flash deployments," said EMC President and COO David Goulden. "ScaleIO is a natural extension to our best-of-breed portfolio. It strengthens our product capabilities in the area of server-side storage and brings a world-class team that will undoubtedly enable us to innovate more quickly in the future."
Details of the deal were not disclosed, but is reported to have be worth $200 million to $300 million. EMC said the all-cash transaction isn't expected to have an impact on earnings for the 2013 fiscal year.
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