Home Enterprise Cloud EMC paying US1.2 billion for Virtustream
EMC paying US1.2 billion for Virtustream Featured

Global IT services company EMC (NYSE: EMC) is acquiring cloud software and services vendor Virtustream and will use the company to underpin its new managed cloud services business.

Announcing today it has entered into a definitive agreement to acquire the privately-held Virtustream, EMC says the acquisition represents a “transformational element” of its strategy to help customers move all applications to cloud-based IT environments.

Although the purchase figure was undisclosed, EMC reportedly paid US$1.2 billion for the acquisition.

With the addition of Virtustream, EMC completes what it says is the industry’s “most comprehensive hybrid cloud portfolio” to support all applications, all workloads and all cloud models.

The merger will see Virtustream CEO Rodney Rogers report to Joe Tucci, EMC Chairman and CEO.

“Virtustream is an exceptional company and this is a critical and transformative acquisition for EMC in one of the industry’s fastest-growing and most important sectors,” Tucci said.

“With Virtustream in place, EMC will be uniquely positioned as a single source for our customers’ entire hybrid cloud infrastructure and services needs. We could not be more delighted that Virtustream will be joining the EMC Federation family. It’s a game changer.”

Tucci said Virtustream’s cloud software and Infrastructure-as-a-Service portfolio will be delivered directly to customers and through partners, and EMC service provider partners will receive access to Virtustream’s xStream cloud management software platform and be enabled to adopt and deliver their own branded services based on it.

Presently EMC provides the Federation Enterprise Hybrid Cloud Solution — an on-premise private cloud offering that provides on-ramps to public cloud services such as VMware vCloud Air.

Tucci said Virtustream brings to the EMC portfolio a managed cloud software and services capability — whether on or off premise — which EMC also intends to incorporate into the Federation Enterprise Hybrid Cloud Solution. With the addition of Virtustream, EMC will enable customers to move their entire application portfolio into a cloud environment.

According to Virtustream Chairman and CEO, Rodney Rogers, the company has established itself as an “industry leader and innovator for running mission-critical enterprise applications in the cloud”.

“We’re proud to be joining the EMC Federation where our combined capabilities, products and services will allow us to accelerate our vision of delivering the platform of record for enterprise systems, and address the complete breadth of cloud computing needs.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

 

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