EMC completes acquisition of Virtustream
- By Mark Hoover
- Jul 09, 2015
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.
Mark Hoover is a senior staff writer with Washington Technology. You can contact him at firstname.lastname@example.org, or connect with him on Twitter at @mhooverWT.