EMC To Acquire Isilon Systems For $2.25 Billion
Data storage company EMC Corporation (NYSE:EMC) announced today that they will be acquiring Seattle-based networks storage company Isilon Systems for $2.25 billion. Isilon developers scale-out network attached storage that can reach up to 10 petabytes without disrupting a network. IDC is predicting that Isilon’s network storage services will be worth $6 billion in 2014.
EMC said that this acquisition will enable them to provide better storage infrastructure for public and private cloud computing environments.
“The unmistakable waves of cloud computing and ‘Big Data’ are upon us,” stated EMC President and CEO Joe Tucci. “Customers are looking for new ways to store, protect, secure and add intelligence to the vast amounts of information they will accumulate over the next decade.”
[Dealbook]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry