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EMC Enters Storage Networks Market By Acquiring Smarts Inc
Tucci Keeps On Buying As Storage Maker Gears Itself Up To Compete With Veritas

"The acquisition is about market expansion, innovative technology and growth," Joe Tucci, chief executive of Hopkinton, Massachusetts-based EMC, said in a statement as EMC snapped up network systems management company Smarts Inc, for $260 million.

So far recently Tucci has acquired first Legato Systems ($1.37 billion), then data storage company Documentum Inc. ($1.48 billion) and software maker VMware Inc. ($625 million). Now it has added Smarts, and geared itself up to compete with Veritas.

With this latest acquisition, expected to be completed in the 2005 first quarter, EMC enters the market for storage networks - used to create pools of data storage to more efficiently handle storage and retrieval of corporate data.

According to EMC, Smarts is expected to have fiscal 2004 revenue of about $60 million. The privately-held company is "known for its InCharge real-time network systems management software," Reuters reports.

About Security News Desk
SYS-CON's Security News desk trawls the world of security for news of software, hardware, products, and services that seems likely to be of interest to infosec professionals and summarizes them for easy assimilation by busy IT managers and staff.

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Reader Feedback: Page 1 of 1

Don't forget, prior to joining EMC, Tucci resuscitated Wang Global from Chapter 11 during his six years as its chairman and CEO. He's just the man to take EMC all the way into the software Top Five.

Tucci is ever the operator. He's been flashing his checkbook again even before he's finished integrating Legato, VMware, and Documentum into the EMC business. He's obviously not content at EMC being only the sixth largest software company in the world...




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