M&A

EMC completes acquisition of Virtustream

EMC has completed its acquisition of Virtustream in a deal that adds managed cloud services to EMC’s data storage capabilities.

EMC will utilize Virtustream’s cloud software and infrastructure-as-a-service portfolio to help its customers move all applications to cloud-based IT environments.

The all-cash transaction is not expected to affect EMC’s financial results in 2015, the company said in a release. Operational details will be announced later this fiscal quarter.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.