EMC To Acquire Greenplum, Build New Data Computing Division
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EMC is acquiring data warehousing and business analytics company Greenplum for an undisclosed amount. EMC will use the acquisition of Greenplum to create a new Data Computing Products Division. EMC’s new Data Computing Products Division will directly compete with Sun Oracle and NetApp’s acquisition of Bycast. EMC will also be competing with HP, IBM, and Teradata in the data computing industry.
Greenplum raised a total of $61 million in funding from Sun Microsystems and SAP Ventures. Some of Greenplum’s customers include Skype, T-Mobile, and Fox Interactive Media.