Cloud Computing: Atos, EMC, VMware Start Cloud Company
EMC and VMware are going into the cloud business with Atos, the big, publicly owned, Paris-based global IT services firm, intending to take an equity position in Canopy, an end-to-end cloud company Atos is setting up using EMC and VMware technology.
The companies said Wednesday when Canopy was announced that their shareholder agreement wasn’t set in stone yet and wouldn’t be until early Q2 but the Americans are talking about kicking in tens of millions of dollars. At least EMC is. The object of the game is to cash in on what is projected to be a $267 billion cloud market by 2020, up from $59 billion this year…

