EMC buys Isilon

Yet another storage company has been snapped up by a larger firm.

Acquisition

The spending spree in the storage industry has continued, with EMC confirming it has entered into an agreement to buy Isilon.

The storage giant is set to pay $33.85 (21.07) per share for Isilon, a scale out network attached storage (NAS) company, amounting to an impressive $2.25 billion in cash.

EMC hopes by bringing Isilon on board, the company will have more ability to deal with "Big Data" storage for new applications that produce massive amounts of data online media streaming, life science applications and so on.

Joe Tucci, chairman and chief executive (CEO) of EMC, said: "The unmistakable waves of cloud computing and Big Data' are upon us. Customers are looking for new ways to store, protect, secure and add intelligence to the vast amounts of information they will accumulate over the next decade."

"EMC, in combination with Isilon, sits at the intersection of these trends with leading products, solutions and services to help customers get the absolute most out of what cloud computing has to offer."

Both boards have approved the deal but, as ever, it will have to pass through all of the regulatory hoops before completion, which is expected by the end of this year.

Sujal Patel, CEO of Isilon, added: "Our excitement about the opportunity to become part EMC's world-class team cannot be overstated."

"EMC's track record of successfully acquiring, integrating and growing leading companies and the complementary nature of our technologies are undeniable."

Andrew Reichman, senior analyst at Forrester Research, told IT PRO last month that Isilon was one of three smaller firms to look out for.

Featured Resources

Shining light on new 'cool' cloud technologies and their drawbacks

IONOS Cloud Up! Summit, Cloud Technology Session with Russell Barley

Watch now

Build mobile and web apps faster

Three proven tips to accelerate modern app development

Free download

Reduce the carbon footprint of IT operations up to 88%

A carbon reduction opportunity

Free Download

Comparing serverless and server-based technologies

Determining the total cost of ownership

Free download

Most Popular

What should you really be asking about your remote access software?
Sponsored

What should you really be asking about your remote access software?

17 Nov 2021
What are the pros and cons of AI?
machine learning

What are the pros and cons of AI?

30 Nov 2021
What is single sign-on (SSO)?
single sign-on (SSO)

What is single sign-on (SSO)?

2 Dec 2021