EMC inks deal to buy software provider ScaleIO

Published on NewsOK Modified: July 11, 2013 at 9:46 am •  Published: July 11, 2013
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HOPKINTON, Mass. (AP) — EMC Corp., which makes Data storage equipment, said Thursday that it reached a deal to buy storage software company ScaleIO.

Specific financial terms of the all-cash deal were not disclosed, but EMC said it doesn't expect the addition of the privately held company to have a measurable effect on its fiscal 2013 results.

EMC said the combination of its own flash cards and ScaleIO's highly scalable server software — a term that implies the software can handle a large increase in users and/or workload — will boost its product offerings.

When the deal closes, ScaleIO will become part of EMC's flash product division.

EMC shares rose 3 cents to $24.49 in morning trading.



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