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May 27 2015

EMC Buys Virtustream

The storage and cloud infrastructure markets are constantly undergoing consolidation. Among the latest proofs for this trend is Virtustream, a provider of cloud software and cloud IaaS solutions, which will slip under the EMC umbrella in Q3/2015.

The acquisition (or rather, a "definitive agreement" to cut the deal) was made public yesterday in a joint press release. According to the terms of the deal, Virtustream will enter the EMC family as a full-fledged division and represent the parent company's "new managed cloud services business." The acquisition also seems to fit in well with the storage giant's long-term strategy of repositioning itself as an infrastructure provider that "help[s] customers move all applications to cloud-based IT environments." Within this concept, Virtustream would add the capabilities needed to "support all applications, all workloads and all cloud models," which are currently missing in EMC's portfolio.

Founded in 2009, Virtustream offers enterprise-class cloud solutions that meet the security, compliance, performance and efficiency requirements needed to migrate and manage complex mission-critical applications across hybrid, private and public cloud environments. Virtustream products and services strongly rely on self-developed technologies such as xStream, a platform for managing private and hybrid clouds, and the underlying µVM (Micro VM), a standardized bundle of software that allows for specifically accurate provisioning and measuring of the resources in use. xStream tightly integrates with VMware vSphere; core functions include application lifecycle automation and orchestration with a particular focus on I/O-intensive applications such as SAP HANA. Despite its relatively young age, Virtustream is already considered a market leader in its field and delivers solutions and services to a vast group of multinational corporations from various industries, among them Barclays (financial services), BestBuy (retail), and GlaxoSmithKline (pharmaceuticals) as well as international household names such as Coca-Cola, Kawasaki, SAP and Intel.

According to the joint press release, EMC will pay US-$1.2 billion in cash for the takeover. Virtustream co-founder and CEO Rodney Rogers will stay on board and report directly to EMC boss Joe Tucci. The acquisition is expected to close in the third quarter.

 
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