Expanding its Hybrid Cloud, EMC Acquires Virtustream
Data storage solution provider EMC is acquiring privately held Virtustream for an estimated $1.2 billion in cash.
EMC is reportedly struggling to grow sales and will likely leverage Virtustream to expand its hybrid cloud portfolio and strengthen its overall market position. "With Virtustream in place, EMC will be uniquely positioned as a single source for our customers' entire hybrid cloud infrastructure and services needs," said EMC Chief Executive Joe Tucci.
EMC indicated that Virtustream’s cloud software and Infrastructure-as-a-Service portfolio will be delivered directly to its customers and, more importantly, through its partners. These EMC Federation service provider partners will receive access to Virtustream’s xStream cloud management software platform and be enabled to adopt and deliver their own branded services based upon it.
“Virtustream has established itself as an industry leader and innovator for running mission-critical enterprise applications in the cloud,” explained Rodney Rogers, Virtustream Chairman and CEO. “We’re proud to be joining the EMC Federation where our combined capabilities, products and services will allow us to accelerate our vision of delivering the platform of record for enterprise systems, and address the complete breadth of cloud computing needs.”