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EMC to Acquire ScaleIO -- Strengthens Industry-Leading Flash Portfolio

HOPKINTON, Mass., July 11, 2013 /PRNewswire/ --

News Highlights:

  • EMC Corporation has signed an agreement to acquire privately-held ScaleIO, a pioneer in scalable server-based storage software.
  • ScaleIO accelerates EMC's strategy to deliver Flash across the entire server and storage infrastructure.
  • The all-cash transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2013 fiscal year.
  • Additional details from EMC and ScaleIO management are located on the EMC Pulse News Blog.

Full Story:

EMC Corporation (NYSE: EMC) today announced that it has signed a definitive agreement to acquire privately-held ScaleIO, a pioneer in server-side storage software. The acquisition will further strengthen the EMC® Flash portfolio by combining ScaleIO's highly scalable server software with PCIe Flash cards, such as EMC XtremSF™, in Enterprise Private Cloud and Service Provider environments.

Upon closing, ScaleIO will operate within the EMC Flash Product Division. ScaleIO and its Elastic Converged Storage (ECS) software will become an integral part of the EMC XtremSW Suite, which EMC introduced earlier this year with the goal of enabling customers to better utilize and manage server-based PCIe Flash storage. Terms of the deal were not disclosed. The all-cash transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2013 fiscal year.

ScaleIO takes a software-only approach to creating a virtual pool of server-based storage by logically combining SSDs, PCIe Flash cards, HDDs—or any combination of these devices. ScaleIO provides support for both virtualized and non-virtualized environments and scales from tens to thousands of servers.

EMC is committed to enabling customers to deploy Flash across their entire server and storage infrastructures. The EMC Xtrem™ Family of products deliver server-side hardware and software (through XtremSF PCIe cards and XtremSW Suite) and all-Flash arrays (through XtremIO™). EMC also leads the market in Flash-optimized hybrid arrays with EMC VMAX® and EMC VNX® storage.

EMC Executive Quote:

David Goulden, President and Chief Operating Officer, EMC

"Flash now permeates every layer of IT—in virtualized and non-virtualized environments. Enterprise workloads are diverse in nature, and EMC is committed to offering our customers and partners choice in their Flash deployments. ScaleIO is a natural extension to our best-of-breed portfolio. It strengthens our product capabilities in the area of server-side storage and brings a world class team that will undoubtedly enable us to innovate more quickly in the future."

Additional Resources:

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 .

EMC, Xtrem, XtremSF, XtremSW, XtremIO, VNX and VMAX are either a registered trademark or a trademark of EMC Corporation in the United States and/or other countries. All other trademarks used are the property of their respective owners.

This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

SOURCE EMC Corporation

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