EMC buys Danz Development for less than $50m
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The company produces Retrospect software, also included in Maxtor&#39;s One Touch external back up disc, and has a vital hold on the small and medium-sized enterprise market.
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EMC announced plans Wednesday to offer 10% of its virtualization software subsidiary in an initial public offering.
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Follows our advice EMC will set its VMware subsidiary somewhat free via an IPO (initial public offering).â¦
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SaaS buddies EMC may partner with German software giant SAP to develop a suite of web hosted storage and application services.â¦
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Deal valued at about $175 million adds to products offered by EMC's information security division.
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EMC Corp. on Tuesday announced the acquisition of Dantz Development Corp., developers of the Retrospect family of backup and restore technology for the SMB (small to midsized business) market.
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Japanese auto parts maker Asahi Tec Corp.   5606.T will buy privately held U.S. rival Metaldyne Corp. in   a deal worth about $1.3 billion, a source close to the matter   said on Friday, sending Asahi Tec's shares up 21 percent.
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The software giant makes a small acquisition to bolster its moves for unified communications.
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Storage vendor EMC has reached an agreement to acquire Smarts, a provider of event automation and real-time network systems management software.
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BOSTON -- EMC Corp.'s fourth-quarter profit jumped 35 percent, beating Wall Street expectations, but the data storage vendor's results were overshadowed by disappointment over a technology firm in which EMC owns a majority stake.
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EMC puts the boot in Network Appliance is buying the privately-owned storage service management vendor Onaro for an undisclosed sum. Israeli tech pub The Marker reports NetApp is putting $120m on the table, but chief marketing officer Jay Kidd declined to confirm the figure.â¦
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By Ross Kerber, The Boston Globe  Feb. 16--A major shareholder wants EMC Corp.
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Data storage company EMC Corp. of Hopkinton acquired Dantz Development Corp. of Walnut Creek, Calif., the latest move by EMC to strengthen its presence in small and midsize markets.
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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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(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.
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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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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.