EMC Acquires Isilon

By Cindy Waxer November 17, 2010

In an effort to ramp up its mid-range storage systems product line, EMC Corp., one of the world’s top information infrastructure technology developers, has purchased Isilon Systems. Under the terms of the agreement, EMC will pay $33.85 per share in cash in exchange for each share of Isilon for an aggregate purchase price of approximately $2.25 billion, net of Isilon’s existing cash balance. 

Joe Tucci, chairman and CEO of EMC Corp., said in a press release, “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.”

Sujal Patel, CEO of Isilon, also chimed in saying, “Our excitement about the opportunity to become part of 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.”

EMC isn’t the only vendor gobbling smaller players in an attempt to corner the lucrative data storage market. Earlier this year, Hewlett Packard completed its acquisition of data-storage maker 3Par for $2.35 billion. The deal followed in the footsteps of a bidding war with Dell as HP aims to increase its data storage and cloud computing capabilities. And yesterday, IBM announced the completion of the acquisition of renowned data warehouse company, Netezza Corp. as previously announced by IBM on Sept. 20. IBM acquired Netezza in an all cash transaction of $1.70 billion or $27 per share. Not surprisingly, acquisition-happy IBM has invested over $14 billion in 24 strategic acquisitions.

Edited by Tammy Wolf

TechZone360 Contributing Editor

Related Articles

Microsoft Band 2 vs. Apple Watch

By: Rob Enderle    10/7/2015

This week Microsoft launched the anticipated replacement for its first smartwatch-like offering and it is like night and day compared its first effort…

Read More

Microsoft Out-Pencils Apple, Adds Laptop

By: Doug Mohney    10/7/2015

If the stylus is the standard by which business tablets are now to be judged, Microsoft's Surface Pro 4 clearly one-upped Apple's iPad Pro and pencil.…

Read More

Microsoft Introduces the Surface Book, Newest Surface Pro and Lumia Models

By: Joe Rizzo    10/6/2015

Microsoft revamped their lineup at this morning's NYC demonstration, with a clear challenge to Apple. Here are the most notable additions to the Micro…

Read More

Parks Associates Study Sheds Light on SMD Viewing Habits

By: Kyle Piscioniere    10/6/2015

Recent Parks Associates research has determined that U.S households with a streaming media device (Roku, Apple TV, Chromecast, etc.) consume four more…

Read More

Dorsey Named Twitter CEO a Second Time

By: Christopher Mohr    10/6/2015

Twitter announced recently that Jack Dorsey, who had been serving as the company's interim CEO the past three months, will continue in the same role o…

Read More