Pulse2 Technology and Social Media News » EMC Corporation

EMC Corporation Acquires XtremIO

Amit Chowdhry — Thu, 10 May 2012 16:56:36 +0000

EMC Corporation has acquired Israeli startup company XtremIO. The price was rumored to be at around $430 million, but EMC has not disclosed anything. The deal was made entirely in cash. XtremIO is known for making storage arrays based on flash memory chips. XtremIO is a direct competitor of Violin Memory, a Silicon Valley based company that raised $80 million in Series D funding and is preparing for an IPO later this year.

EMC Acquires Network Security Software Company NetWitness

Amit Chowdhry — Thu, 07 Apr 2011 18:12:47 +0000

EMC Corporation (NYSE:EMC) has acquired network software company NetWitness. NetWitness will be rolled into RSA, EMC’s security division. NetWitness provides commercial and government organizations with network security monitoring and analysis software. NetWitness’ software is often times used for identifying and preventing insider threats. [InformationWeek]

CPTN Holdings, A Front For Microsoft and Other Tech Companies, Acquire 882 Novell Patents

Amit Chowdhry — Mon, 20 Dec 2010 12:30:22 +0000

CPTN Holdings is an organization that has acquired 882 patents from Novell as part of a deal with Attachmate. CPTN Holdings is a front for a group of companies that include Microsoft, Apple, EMC, and Oracle.

This past November Attachmate announced that they would acquire Novell for $2.2 billion. At the same time as the acquisition announcement, Novell said that they plan to have a concurrent sale of I.P. assets to CPTN. The patents were sold for $450 million in cash. CPTN was actually organized by Microsoft and it is unknown how the patents will be divided between the companies.

[ZDNet]

EMC To Acquire Isilon Systems For $2.25 Billion

Amit Chowdhry — Mon, 15 Nov 2010 18:45:37 +0000

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]

EMC To Acquire Greenplum, Build New Data Computing Division

Amit Chowdhry — Sat, 10 Jul 2010 21:55:26 +0000

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.

[TechCrunchIT]

Cisco Sees 19% Profit Drop; Acquires Chinese DVD Top Box Company DVN

Amit Chowdhry — Thu, 05 Nov 2009 00:23:21 +0000

Cisco Systems, Inc. (NASDAQ:CSCO) will be acquiring DVN (Digital Video Networks) for $44.5 million. Of that $44.5 million, $17.5 million will be paid up front and the rest of the $27 million will be paid based on sales performance. The deal is expected to close by the first half of 2010. DVN has about 160 million subscribers and the company plans to grow by another 200 million customers in the next 3-5 years. DVN will be rolled into Cisco’s International Cable Unit division.

Earlier today Cisco announced that their first quarter profit dropped 19% because of a drop in sales. However Cisco CEO John Chambers said that there are “strong sequential growth trends” as the economy is recovering. The profit posted was $1.79 billion for the quarter. This is down from $2.2 billion the year before. Cisco has recently partnered with VMware and EMC to sell data center products. Cisco plans to repurchase $10 billion worth of stock.

Intel Execs Bruce Sewell and Pat Gelsinger Exit For Apple and EMC, Respectively

Amit Chowdhry — Tue, 15 Sep 2009 18:11:38 +0000

Intel Corporation (NASDAQ:INTC)’s top lawyer Bruce Sewell and SVP of Digital Enterprise both stepped down this week. The departures come off as a surprise to the company as Gelsinger was supposed to give a keynote speech at the Intel developer forum and Sewell lead the fight against the EU’s antitrust allegations.

Both Sewell and Gelsinger are joining other major corporation. EMC Corporation hired Gelsinger as the President and COO of information infrastructure products. Sewell is becoming the General Counsel and SVP of Apple Inc.

Since Intel’s CEO Paul Otellini is relatively new to the position, it was uncertain that Gelsinger would have a chance at becoming CEO of Intel. Gelsinger may have a better chance becoming CEO of EMC down the line. Suzan Miller, the Intel deputy general counsel will fill in for Sewell temporarily.

Daniel Cooperman, Apple’s General Counsel and SVP of Legal and Government Affairs is retiring at the end of September which opened up the position for Sewell. “We are thrilled to have Bruce join our executive team, and wish Dan a very happy retirement,” stated Apple CEO Steve Jobs in a press release. “With Bruce’s extensive experience in litigation, securities and intellectual property, we expect this to be a seamless transition.”

EMC Plans To Invest $1.5 Billion In India Operations

Amit Chowdhry — Mon, 14 Sep 2009 08:01:25 +0000

As everyone is aware, the cost of running back offices in India are cheaper to operate compared to America. And EMC does not plan to fall behind in the globalization craze. EMC said that they plan to invest $1.5 billion in India over the next 5 years to expand their research and development. This is the largest financial commitment that EMC has made for operations outside of the U.S.

The $1.5 billion investment made by Cisco is an addition to the $500 million that the company had already invested. This past January, EMC announced that they would be cutting 2,400 jobs to save about $350 million. This past Wednesday, EMC opened a facility that is about 495,000 square feet in Bangalore. EMC’s Bangalore facility will work closely with Cisco System’s R&D facility. EMC has about 2,000 employees in India.

EMC To Acquire Legal E-Discovery Company Kazeon Systems

Amit Chowdhry — Thu, 03 Sep 2009 03:01:14 +0000

“At Kazeon, we’re committed to providing customers with the most accurate, scalable and legally defensible eDiscovery solutions,” stated Kazeon Founder and CEO Sudhakar Muddu. “Customers across the globe are performing accurate and efficient eDiscovery, realizing dramatic cost savings and risk reduction by leveraging our broad range of solutions. Becoming part of EMC is the right strategic move for us – giving us the resources of a world-class leader in information management to effectively take our market vision to the next level. We are excited about this acquisition.”

EMC Corporation has announced a definitive agreement to acquire Kazeon Systems Inc. Kazeon designs eDiscovery software made for corporations, legal firms, government agencies, etc. The transaction is expected to close on Q3 2009 and the financial details were undisclosed. EMC plans to roll Kazeon’s products into their SourceOne services. Kazeon’s software can collect and process Electronically Stored Information across laptops, desktops, and other content management systems.

EMC Corporation has been on the acquisition binge. The company bought out FastScale and NetApp recently.

Cancer-Stricken EMC Corporation Co-Founder Richard Egan Kills Himself

Amit Chowdhry — Tue, 01 Sep 2009 22:01:00 +0000

Richard Egan received an electrical engineering from Northeastern University in 1962. After that he helped develop Project Apollo memory systems for NASA. Before starting EMC Corporation, Egan had worked for Lockheed Martin, Intel, and Honeywell. He had also served as a helicopter pilot for the U.S. Marine Corps.

In 2005, Forbes ranked Egan the 258th richest American and his net worth was about $1.3 billion. George W. Bush appointed Egan as the U.S. ambassador to Ireland where he served in that position from August 2001 to December 2002. Egan retired from EMC on January 17, 2001. He started the company with Roger Marino in 1979.

On August 28, 2009, Egan committed suicide at his home in Boston. He was suffering from Stage IV terminal lung cancer. He also suffered from diabetes and emphysema. Egan lives on through his wife and five children.