Cloud Computing: EMC Reportedly After Flash Storage Start-Up XtremIO
EMC is reportedly hot to buy three-year-old Israeli flash storage start-up XtremIO.
According to Globes on Sunday, EMC is dangling $400 million-$450 million in front of its quarry and closing in for the kill.
Supposedly EMC rivals including NetApp have also been after XtremIO.
One of XtremIO’s founders previously sold Rainfinity to EMC and there are other family ties. XtremIO’s CFO Robin Ren was once director of R&D at EMC subsidiary VMware.
Globes says EMC CEO Joe Tucci, VMware CTO Stephen Herrod and VMware finance VP David Golden have all been in Israel. NetApp’s M&A guy and its EMEA VP also made the pilgrimage, but EMC usually brings a bigger checkbook to such affairs as NetApp can testify…


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