EMC to pay $260m for software maker
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Data storage provider EMC Corp. continued its torrid run of acquisitions yesterday with an agreement to buy Smarts Inc., a maker of software for managing corporate data networks, for $260 million in cash.
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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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Santa has really been working hard this year as he delivered a number of major software presents to eager buyers. The latest sees leading storage vendor EMC Corporation making the latest in a long line of software acquisitions as it grabs SMARTS Inc.
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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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EMC has acquired Voyence to help IT administrators keep track of both the changes made in their network and security devices and the problems that come up -- which, in some cases, are related.Voyence, a privately held company based in Richardson, Texas, makes software called VoyenceControl that manages network changes and configurations on multiple vendors&#39; equipment. The 78-person company will be integrated into EMC&#39;s Resource Management Software business unit. The deal has already closed, and EMC did not disclose the financial terms.EMC will keep selling VoyenceControl as a separate product for the foreseeable future, but the acquisition gives it the opportunity to further line up the software with its own, said EMC spokesman Craig Librett. Voyence&#39;s software is already integrated with EMC&#39;s Smarts network management platform through software adapters, but they could be further combined, he said.In addition to managing changes on network and security devices, VoyenceControl controls who can access them to prevent misconfigurations. It also helps keep track of regulatory compliance.EMC, a storage giant, is&#160;flying high on the strength of VMware, the fast-growing virtualization company it acquired in 2004. Earlier this month, it&#160;acquired Berkeley Data Systems, which provides the Mozy Online backup and recovery services. Based in Hopkinton, Mass., EMC has about 36,000 employees worldwide and is projecting 2007 revenue of $12.7 billion.
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NEW YORK - EMC will announce today that it has closed on the acquisition of Dantz Development, a privately held company that it hopes will give it a toehold in the $600 million spent by small to mid-size companies on data backup and recovery software.
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AUGUST 23, 2004  - The UK&#39;s largest satellite TV broadcaster sued Electronic Data Systems Corp. last week over a $109 million CRM development contract that was signed in late 2000 and then terminated two years ago.
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EMC is buying privately held System Management ARTS, known as Smarts, in a Â£135m deal that will boost EMC&#39;s software portfolio and management capabilities.
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EMC introduced updated VMware products that include backup technologies it gained with last year's purchase of Avamar Inc.
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General Electric and EMC have won a $200 million deal to install electronic image archiving systems in 70 hospitals in the U.K., as part of an effort to centralize communications and modernize technology throughout the national health system.
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(InfoWorld) - EMC Corp. will spend US$175 million to acquire security information provider Network Intelligence Corp. The privately held Westwood, Massachusetts, company sells appliances that probe computer networks, providing security and compliance analysis. EMC's latest acquisition, expected to close late Monday, underscores the growing importance of security technology to the storage vendor. Also on Monday, EMC announced that it had completed its $2.1 billion purchase of RSA Security, which will form the basis of a new RSA-branded security division within the company. Former RSA CEO Art Coviello will head up this division, which will absorb the Network Intelligence business unit, EMC said in a statement. Founded in 1996, Network Intelligence has more than 125 employees, according to the company's Web site. With these latest acquisitions, EMC hopes to be able to sell security as part of a broader product portfolio, said Joe Tucci, EMC's chairman, president and chief executive officer. "It's becoming critical that security move beyond a point product solution," he said. Analysts say security companies will find it increasingly difficult to go it alone, with technology giants such as Microsoft Corp., Cisco Systems Inc. and IBM Corp. moving quickly to add security features to their broader product platforms. Just last month, IBM said it would spend $1.3 billion to acquire managed security vendor Internet Security Systems (ISS).ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.
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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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Company says it paid for the code that was contributed, against contract, to free Mambo publishing software.
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EMC today is set to unveil its first software-as-a-service offerings based on technology gained from its recent acquisition of Berkeley Data Systems.
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InfoWorld - Leveraging its October 2007 purchase of Berkeley Data Systems [BDS], EMC announced this week that it will offer an enterprise backup and recovery solution, MozyEnterprise, over a hosted SaaS platform for desktops, laptops, and remote servers.
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EMC Corp. has unveiled a Microsoft Exchange server-based e-mail storage product called EMC Express Solution for E-Mail. EMC said the automated policy management software enables mid-sized organizations
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EMC saw a dramatic increase in profit over last year, mainly due to VMware acquisition and IPO.