EMC Acquires ScaleIO for Flash Software
IT and cloud-computing company EMC announced today that it will buy ScaleIO, a privately held company considered by EMC to be a "pioneer" in server-side storage.
EMC hopes to absorb much of ScaleIO's innovation into the folds of its own business, adding the company's "highly scalable" Flash server software into its own product portfolio and cloud-computing environments .
In a statement today, EMC President and COO David Goulden 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. 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.
According to the release, ScaleIO's secret sauce involves the creation of a software environment whereby server users (from10 to thousands) can consolidate and organize storage from any number of hardware storage devices.
EMC didn't disclose specific financial details, but the company did note that the deal is not expected to have any effect on its full year 2013 earnings.
The article EMC Acquires ScaleIO for Flash Software originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter, @TMFJLo, and on Motley Fool CAPS, @TMFJLo.The Motley Fool owns shares of EMC. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.