Following its $2.25 billion acquisition of Isilon, infrastructure giant EMC is making another purchase today— network security software company NetWitness. EMC’s acquisition of NetWitness closed on April 1, 2011 (clearly neither company wanted to make the announcement on April Fool’s Day) and NetWitness will operate as a part of RSA, the security division of EMC. Financial terms of the deal… → Read More
Greenplum, which has raised $61 million in funding, develops database software for business intelligence and data warehousing applications. Greenplum has a number of high profile investors, including Sun Microsystems and SAP… → Read More
Yes, it’s quite a mouthful. Iomega, a company owned by EMC that provides network storage for small and medium businesses, today announced the launch of their StorCenter ix12-300r Network Storage Array. The device ships with 4TB of storage but can be expanded to up to 24TB after filling up its 12 drive bays. → Read More
Software giant EMC starting the New Year with another acquisition. EMC is acquiring Archer Technologies, a company that develops governance, risk and compliance software. The terms of the deal were not disclosed. The acquisition is expected to close in the first quarter of 2010.
Archer Techonologies’ software will be folded into EMC’s Security Division. The company has six million licensed users… → Read More
The company sells subscriptions for enterprise support, maintenance, and upgrades for open source software, including SASH, offers a proprietary Open Source Management System and is also behind the wiki website SWiK, a… → Read More
EMC Corporation is announcing the creation of a new subsidiary this morning called Decho (for Your Digital Echo), which has been formed from the assets of two acquisitions: Mozy (acquired in September 2007) and PI Corporation (acquired in February 2008).
The new company is focused on protecting and managing personal digital data. It will continue to offer Mozy’s personal backup product and will… → Read More
The EMC (“easy mobil calling,” which isn’t a typo on my part) concept cellphone aims to make life easier for the elderly. With only four face buttons, each corresponding to a separate phone number, it simplifies the arduous task of remembering, well, four different phone numbers. Granted, all cellphones have an address book, so you’re not really required to know anyone… → Read More
Storage giant EMC is buying Iomega for $213 million in cash, a slight premium above its $200 million market cap at the close of trading today. Iomega, which makes portable hard drives and Zip drives, will become the core of EMC’s consumer and small business storage device business. During the 1990s, Iomega was one of the original tech momentum stocks, trading as high as $114. Today, it… → Read More