As more companies ramp up their cloud-based and cloud-reliant offerings, the $1.2 billion deal will help EMC adapt its line of security and storage products into cloud-delivered services. The resulting action will see Virtustream serve as the nucleus of EMC’s portfolio of managed cloud services.
“If you look at everything we’re doing, in many cases the things we do need (are) cloud services,” EMC CEO Joe Tucci said in a statement.
The acquisition of Virtustream will be instrumental in the building of EMC’s “Federation of Companies,” Tucci said of the agreement.
According to InformationWeek, EMC’s decision was heavily influenced by two key factors. Primary among the two was Virtustream’s background in advanced cloud software and managed services. Virtustream’s portfolio also includes prior experience operating specialized hosting of SAP applications.
The other crucial aspect of the deal was the overlap between Virtustream and EMC’s VMWare division, especially in the realm of IaaS management automation and self-provisioning for virtualized devices.
“With the addition of Virtustream, we will be able to offer customers a comprehensive set of hybrid cloud offerings, including private, managed, and public cloud solutions,” said VMWare CEO Pat Gelsinger. “As we deliver vCloud Air to our customer base, Virtustream complements and expands our value proposition.”
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