EMC taps IBM veteran for CTO job
457020
EMC Corp. announced Friday the appointment of former IBM fellow Jeffrey Nick to the position of senior vice president and chief technology officer.
652552
Circuit City CIO Bill McCorey explained his decision to outsource the company's data center operations to IBM in a keynote speech at the ERIeXchange conference in Boston.
310824
IBM Friday said it has filled out gaps in its virtualization portfolio, adding support for EMC&#39;s remaining Clariion systems. The company added Clariion 300, 500 and 700 systems support for its SAN Volume Controller
575560
(InfoWorld) - It's been more than two months since EMC officially exchanged rings in the $2.1 billion courtship of RSA Security, but former RSA chief Art Coviello says the honeymoon's still going on, and that he's happy to take a step down from the CEO's post â¦for now. In a wide-ranging discussion with reporters over dinner in Boston on Wednesday, Coviello, the charismatic chief of RSA for more than a decade, said that he expects to stay on at EMC for at least the next few years, as he makes good on a promise to EMC CEO Joe Tucci to grow RSA into a $1 billion a year company by 2009. Tight integration with EMC's product line is a key element of that plan, such as embedding RSA's access management technology into EMC's Documentum content management system. "Customers are craving integrated solutions," he said.Â Â Â  EMC pushed RSA along towards meeting that goal by acquiring security event management vendor Network Intelligence on the same day that it closed its acquisition of RSA. Together with RSA's traditional strength in data encryption, the Network Intelligence software will be a key element of the EMC Common Security Platform, which will integrate core services authentication, auditing and authorization across EMC's product line. That $175 million buy would have been beyond the means of RSA, which reported total revenue of $181 million through the first half of 2006, especially after the Cyota and PassMark acquisitions. Network Intelligence will add around $20 million in revenue to the RSA division's bottom line this year, and double that next year, Coviello said.Â  Coviello is also banking on strong growth in demand for consumer facing "adaptive authentication" technology that RSA acquired from Cyota (Findit/4311) in December, 2005, and PassMark Security in April (Findit/4312). That business has been growing at about 100 percent annually, from $11 million last year to around $30 million this year, and Coviello expects that growth trend to continue for a least a couple more years, as banks and other financial institutions get in line with guidance from the Federal Financial Institutions Examination Council (FFIEC) to beef up user protections in online banking portals (Findit/4756). Coviello is also looking to expand the value of those acquisitions with offerings like a risk assessment service that could be sold to banks and financial services companies and that leverages the phishing and online crime intelligence collected by RSA's Cyota team in Israel. RSA researchers are also working on applying fraud intelligence, like that used by Cyota, to data flows within an organization in an effort to spot anomalies that may reveal insider threats, Coviello said. But the former CEO said he's seeing opportunity everywhere these days, as the EMC name opens doors that were previously shut to accounts across verticals, but especially in banking and financial services. Executives who saw RSA as a secure token vendor a year ago now see the company's technology as a strategic investment, when coupled with EMC, he said. Those accounts were hard to win before EMC entered the picture, and Coviello admitted that RSA's PassMark acquisition was more about getting a foot in at major financial institutions like Bank of America than about the PassMark technology. Reflecting on the first quarter since 1992 that he hasn't had to face Wall St. analysts for an earnings call, Coviello said that he felt as if he had "traded nine board members for one (Tucci)." "In some ways, I'm more independent than when I was CEO and had a board of directors, where there's a lot more scrutiny of operating costs and profitability," he said. Coviello claims that he's been given free reign to use the RSA division to develop security solutions independent of EMC's product lines, even while it leverages EMC's infrastructure, customer support and professional services groups -- not to mention the company's $6 billion war chest for future acquisitions. And with that kind of bankroll, future acquisitions are definite possibility. Coviello estimated he spent around 30 percent of his time vetting possible purchases, and that another mega-purchase along the lines of RSA weren't out of the question, though they'd have to be "compelling." But, once a CEO always a CEO. Asked whether he could be happy staying on as an Executive Vice President at EMC, Coviello said he "didn't know about that," but waxed philosophical.  "When I was 30, my goal was to be a CEO by the time I was 40. I don't think like that now. I know what I'm going to be doing for the next couple years."
757387
John DeFazio won't miss the 2 a.m. conference calls. Along with colleagues in IBM Corp.'s huge technology services division, DeFazio used to be summoned to the phone whenever a client's computing center hiccuped in the middle of the night.
139456
Tosses LifeLine to Intel, Iomega EMC is hoping to woo OEMs with a new piece of centralized file management software aimed at small and medium sized businesses and even home users itching to craft a NAS (network attached storage) setup.â¦
140992
After months without a permanent CEO, scandal-rocked Computer Associates (CA:Nasdaq - news - research) is about to give the job to a veteran IBM (IBM:NYSE - news - research) executive, according to published reports.
680760
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.
641015
McAfee, the large maker of security software, appointed David DeWalt of the EMC Corporation as its chief executive.
753580
EMC&#39;s Asian operations are back on track after sluggish growth during early 2006, and the company aims to take Asian market share away from rivals and push into new market segments.&quot;We went from worst to first,&quot; said Steve Leonard, president of Asia-Pacific and Japan, explaining that Asia went from being EMC&#39;s slowest-growing region in 2006 to its fastest in 2007.EMC&#39;s Asia-Pacific revenue grew 24 percent during 2007, hitting $1.46 billion. By comparison, revenue from Asia grew by just 6 percent during 2006, which was lower than previous years and far slower than EMC&#39;s growth in other regions during that period.Gartner and IDC pegged Asian storage revenue growth at around 23 percent during the third quarter, the most recent period for which figures are available.&quot;We see EMC very well placed as a storage vendor in Asia,&quot; said Avneesh Saxena, group vice president of systems, storage, and software research at IDC Asia-Pacific, citing EMC&#39;s improved channel relationships and &quot;software-driven approach&quot; to developing storage products. &quot;They aren&#39;t just selling boxes,&quot; he said.Even so, taking storage market share away from rivals won&#39;t necessarily be easy for EMC, Saxena said, noting IBM and Hewlett-Packard are firmly entrenched in key Asian markets.EMC&#39;s turnaround&#160;is largely a credit to Leonard, who was hired in 2006 and given the job of transforming its Asian operations.Getting the company back on track in Asia involved a variety of steps, including shaking up the company&#39;s sales teams and building stronger ties with channel partners. EMC also embarked on an aggressive expansion in India and China to spur growth in these markets and tap into the vast pools of engineering talent there.&quot;We effectively had zero software-engineering capabilities resident in China during the summer of 2006. I was just up in Beijing and we are going to hire our 1,000th engineer this quarter,&quot; Leonard said.Looking ahead, EMC is counting on new products that tap user demand for information storage, content-management capabilities, and security to spur further revenue growth in Asia. In a break with EMC&#39;s traditional sales focus on large corporations and organizations, the company also plans to expand into new markets, offering storage products and services for small business and even consumers.At the top end of the market, EMC hopes to generate more sales with a line of flash memory-based drives, announced last month, designed to replace some disk drives in the company&#39;s Symmetrix storage arrays.&quot;EMC is in a very high innovation cycle right now. It&#39;s been bringing more things out to the market than at any moment in its history,&quot; Leonard said.While the woes of early 2006 are now history for EMC, the company still faces challenges in Asia. In particular, Japan remains a difficult market.EMC is working to improve its Japanese operations, but it will take time for these efforts to yield the desired results, Leonard said, calling the company&#39;s transformation there a &quot;work in progress.&quot;&quot;We&#39;ve had dozens and dozens of meetings with executives from leading Japanese companies, essentially to say, &#39;We&#39;re committed to being a better local company, we&#39;re asking for your support,&quot; he said.As part of these efforts, EMC turned to sport to help raise its profile in Japan. The Massachusetts-based company is sponsoring the Boston Red Sox baseball team&#39;s upcoming March visit to Japan and will use the occasion to woo prospective customers and partners. Baseball is very popular in Japan and Red Sox pitcher Daisuke Matsuzaka is a celebrity in his home country, where he played professionally for several years.&#160;
566204
By Ross Kerber, The Boston Globe  Feb. 16--A major shareholder wants EMC Corp.
524352
After having had its $2.1bn takeover of RSA Security Inc formally approved by the security vendor's shareholders, EMC Corp is rumored to be in the market for Network Intelligence Corp, a supplier of so-called security event management appliances.
433850
RFID work done at an IBM chip factory becomes the basis for a new line of consulting services. By Laurie Sullivan. IBM is introducing a line of radio-frequency identification services for midmarket companies
614030
Announces raft of new products Comment EMC has announced several new products targeted at mid-market enterprises seeking to more effectively consolidate, backup, archive, and protect their information.â¦
430952
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.
721680
(InfoWorld) - Three years after being bought by EMC, VMware is going public.Â EMC announced plans Wednesday to offer 10 percent of its virtualization software subsidiary in an initial public offering (IPO). The offering will "unlock more of VMware's value for EMC shareholders," and help the company "retain and attract the software industry's top talent," EMC Chairman, President, and CEO Joe Tucci said in a statement. "We think now is the point where the planets are aligned and this makes sense," Tucci said on a conference call with financial analysts. WhenÂ EMC acquired VMwareÂ in 2004, it had 300 employees; today it has 3,000, he said. "The growth rate of this company has been phenomenal." EMC plans to file a registration statement with the U.S. Securities and Exchange Commission in late March or early April for the planned IPO, and the shares could be available for sale some time in the second quarter, said David Goulden, executive vice president and chief financial officer of EMC. The shares to be put on the market will be new shares, not ones already owned by EMC, Goulden said. The proceeds will "provide VMware with the financial resources it needs to achieve its full growth potential and provide EMC with the potential to return a portion of the original investment in VMware to EMC shareholders, while enabling them to continue to enjoy the vast majority ownership in this strategic and fast-growing business," Goulden said. Virtualization, which allows a server to better run multiple applications simultaneously, has helped businesses reduce the number of servers they need, reduce their energy consumption and assist in data center disaster recovery efforts, said Diane Greene, who founded VMware in 1998. She is president of VMware and executive vice president of EMC. "The IPO is a powerful way for us to accelerate our vision of a pervasive, industry standard virtual infrastructure. We see an incredible opportunity ahead of us," Greene said. More than 10 percent of new x86 server workloads are running on VMware virtualization software, and VMware is used by more than 20,000 customers, Greene said. Analysts have recently speculated on whether EMC would spin off VMware, said Gordon Haff, principal IT advisor with research firm Illuminata Inc. "EMC wants to get some of the money while VMware is clearly a hot property," he said. "On the other hand, they clearly want to retain a very large chunk of VMware." EMC's stock (EMC) has been stuck in the $10 to $15 range for the last three years. The IPO was announced after the New York Stock Exchange closed for the day. In after-hours trading, EMC shares rose $0.91 to $14.55. Tucci's comments about unlocking VMware's value "might be less politely phrased as 'hopefully getting the shareholders off my butt,'" Haff said. VMware is an early leader in one of the IT industry's hottest market segments. The company's revenue was up 83 percent in 2006, totalling $709 million, EMC said. The IPO should generate capital for VMware to invest in innovation, said Allan Krans, an analyst with Technology Business Research. Although VMware is the industry leader in server virtualization software, MicrosoftÂ is expected to introduce an update of its Microsoft Virtual Server in the fourth quarter of 2007, which could increase competitive pressure on VMware.
455586
Courts SMBs with bigger array EMC is reinvigorating efforts to win the hearts and wallets of SMBs with a new storage area network (SAN) array.â¦