EMC to Sell 10 Percent of California Software Business in IPO
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By Hiawatha Bray, The Boston Globe  Feb. 8--EMC Corp. of Hopkinton plans to turn virtual software into real  cash.   The company will sell 10 percent of its California software subsidiary  VMware Inc. in an initial public offering this year.
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InfoWorld - EMC has made its biggest push to date into the fast growing small and midsize business market with the acquisition of Dantz Development, a suppler of backup and recovery software.
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The second-largest radio company in the U.S. based on station count has agreed to sell the company to a group of investors that includes the broadcasterâs chief executive.
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This fourth priority&#39;s main focus has been improving or obtaining CRM and ERP software for the past year and a half. EMC today announced Express Solution
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EMC Corp. of Hopkinton plans to turn virtual software into real cash. The company will sell 10 percent of its California software subsidiary VMware Inc. in an initial public offering this year. VMware dominates the field of virtualization software -- programs that let a single computer do the work of several machines.
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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.
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EMC Corp. is acquiring SMARTS for approximately $260 million in cash. SMARTS is a fast-growing, privately held provider of event automation and real-time network systems management software.
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Silver Lake, the largest technology-focused private equity firm, announced a deal to sell a 9.9 percent stake to the California Public Employeesâ Retirement System.
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Storage maker EMC&#39;s profit increased dramatically compared to last year&#39;s third quarter, lifted again by continued growth of its VMware subsidiary and EMC&#39;s recent sale of a slice of the company.Net income for the third quarter ending Sept. 30 was $492.9 million, or $0.23 per diluted share, which was 77 percent more over the same period a year ago, EMC said Thursday. Those figures included the&#160;sale of 6 million shares of VMware to Cisco Systems.Excluding the VMware gain, EMC&#39;s net income was $377.8 million, or $0.18 per diluted share. Analysts predicted $0.17.EMC, which&#160;acquired VMware&#160;in 2004 for $635 million, said in February it would&#160;sell off 10 percent of VMware in an IPO&#160;(initial public offering), which was completed in August. EMC said the money would go toward stock compensation for its employees as well as boost the stock price. Intel now also owns a stake in VMware.VMware maintains a huge, 85 percent market share for virtualization software, which allows multiple operating systems to run on one piece of hardware.The technology remains a hot area, since&#160;virtualization enables servers to perform at a higher level, reducing the need for more servers. EMC, which has retained a majority stake in VMware, said third quarter revenue came in at $354 million, 90 percent higher than for the same quarter a year ago.EMC said its Information Storage business reported 8 percent higher revenue, backed by sales of its Clariion and Celerra networked storage systems plus other backup and recovery products.RSA, EMC&#39;s security business, saw revenue grow 22 percent over a year prior. Those gains were attributed to RSA&#39;s authentication business, consumer applications, and event management business.&#160;
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Money is like manure. You have to spread it around or it smells EMC has grown bored of sitting on a fat pile of VMware IPO cash and reportedly dropped $76m for web-based automated backup outfit Mozy.â¦
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Computer storage maker EMC Corp. (EMC.N: Quote, Profile, Research) on Tuesday said it would acquire privately held Smarts Inc. for $260 million, extending EMC&#39;s business into the growing market of network systems management.
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EMC joined an end-of-year software acquisition spree Tuesday when it agreed to acquire network management software maker Smarts Inc.
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Chipmaker's efficiency plan could hit as many as 10 percent of employees in announcement expected Tuesday.
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RSA Security Inc., a provider of security software and hardware for networks, on Friday said its shareholders approved the company's $2.1 billion acquisition by data storage provider EMC Corp.
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EMC Corp.'s third-quarter profit jumped 77 percent, driven by growing sales of data storage software and hardware as well as a hefty gain from selling an ownership stake in fast-growing software maker VMware Inc.
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InfoWorld - Storage company EMC has agreed to buy Document Sciences, a developer of software for personalizing mailshots and other communications. The acquisition will allow EMC to extend its offering in the field of transactional content management, which it sees as the fastest-growing part of the enterprise content management market. It plans to incorporate Document Sciences into its content management and archiving division.
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(InfoWorld) - EMC has signed a definitive agreement to acquire Valyd Software, a Hyderabad, India, vendor of software for securing enterprise data. EMC did not disclose the sum it will pay for Valyd, a privately held company. Valyd's software will be brought into RSA, the security division of EMC that was set up last year to integrate products from itsÂ acquisition of RSA SecurityÂ andÂ Network Intelligence. The acquisition is expected to close in the first quarter, the Hopkinton, Massachusetts, vendor of storage management and security software said Tuesday. Valyd's technology for encrypting and securing data at the database and file system level will lead to the introduction of two new products from the RSA division, after the acquisition is complete, said Manoj Chugh, president of EMC India, on Wednesday. RSA Database Security Manager will address security of data on a variety of database management systems, while RSA File Security Manager will secure data security at the file and folder level, Chugh said. A focus of the RSA division is on products that manage and secure enterprise-wide information assets regardless of where they resides on the network, Chugh said. Valyd's technology, which runs on a large variety of operating systems and database systems, fitted well into the strategy of the RSA division, he added. Valyd Software was set up in 1998 to develop software to secure enterprise data. The company has over 50 staff in Hyderabad, which will be increased to 100 by the end of this year, Chugh said. The Hyderabad operation will focus on the development and enhancement of the new security products, he added. Indian product companies have emerged as acquisition targets for multinational companies. Oracle Corp., for example, has acquired a majority stake in Indian financial software company, i-flex Solutions Ltd. "India was until now perceived as a low-cost location for outsourcing work, rather than as a place where you could find top quality innovation and intellectual property," Chugh said.