Saturday, June 05, 2010

EMC Plans Aggressive Acquisition Strategy

EMC, the company who bought my last software firm is planning aggressive acquisition strategy as it moves further into cloud computing.

EMC Corporation, the data storage and information infrastructure provider, will aggressively pursue acquisitions as it moves more deeply into cloud computing, Pat Gelsinger, company president, said in a company conference call Wednesday.

Gelsinger said that as the smallest of the major US companies providing data storage and management services, EMC is willing to take calculated risks in acquiring operations that bring new cloud computing technology advances to help the company revise how it builds and deploys data centers. He said the company will play a "disruptive" role in "the overall IT ecosystem" as roll-ups of new technology in the cloud computing space unfold.

The company’s move toward cloud computing – Internet-based data storage, retrieval and applications – will position it to make new acquisitions that support the move into the new generation of storage technology, according to comments by Gelsinger in the conference call.

Gelsinger did not say how much EMC Corporation (NYSE: EMC) intends to commit to acquisitions and did not mention potential targets or timetables. EMC is based in Hopkinton, Massachusetts. EMC has a market capitalization of USD 38.4bn.

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