EMC has confirmed it will purchase the bulk of Cisco’s stake in VCE, the companies’ joint venture in converged infrastructure products.

News of the deal surfaced late Tuesday. The move means that VCE will become an EMC business, with Cisco retaining a 10 percent equity stake. It’s expected to be completed in the current quarter.

VCE CEO Praveen Akkiraju and other senior executives will remain in place and VCE will continue to sell products that combine storage, virtualization and networking technology from EMC, Cisco and VMware, according to Wednesday’s announcement.

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