news


EMC Finalizes $1.2 Billion Virtustream Buy

PRESS RELEASE — HOPKINTON, Mass., July 9, 2015 /PRNewswire/ — EMC Corporation (NYSE: EMC) today announced it has completed the acquisition of Virtustream. Virtustream represents a transformational element of EMC’s strategy to help customers move all applications to cloud-based IT environments. The all-cash transaction is expected to have no material impact to EMC financial results in 2015 and is expected to be additive to revenues and accretive to EPS in 2016. Operational details of the new EMC Federation business formed by Virtustream will be announced later this quarter.

About EMC

EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing.  Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.

EMC2, EMC, and the EMC logo are registered trademarks or trademarks of EMC Corporation in the United States and other countries. All other trademarks used herein are the property of their respective owners.


Leave a comment

Your email address will not be published. Required fields are marked *

Polls

Which best describes your business?

View Results

Loading ... Loading ...
The ID is: 89949