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Slide #2. EMC — DSSD, Inc.
EMC Corporation (NYSE: EMC) today announced it has entered into a definitive agreement to acquire privately-held DSSD, Inc. Menlo Park-based DSSD is the developer of an innovative new rack-scale flash storage architecture for I/O-intensive in-memory databases and Big Data workloads like SAP HANA and Hadoop. The transaction is expected to close in the second quarter of 2014, subject to customary closing conditions. Financial terms were not disclosed. The transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2014 fiscal year.
EMC develops, delivers and supports the Information Technology industry's range of information infrastructure and virtual infrastructure technologies, applications and services. Co. has three businesses: EMC Information Infrastructure, which comprises the Information Storage, Enterprise Content Division and RSA Information Security segments; VMware Virtual Infrastructure, which develops and markets its product and service within three product groups: Software-Defined Data Center, Hybrid Cloud Computing and End-User Computing; as well as Pivotal, which unites strategic technology, people and programs from Co. and VMware, Inc.
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Buy (2.62 out of 4)
(ranked higher than approx. 93% of all stocks covered)
Based on Zacks ABR data;
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