EMC scoops up Virtustream for cloud management in $1.2 billion deal
EMC is purchasing the privately held Virtustream software provider for approximately US$1.2 billion to expand its portfolio of cloud management tools.
Storage systems provider EMC will use Virtustream technology to aid customers moving to cloud-based services as an alternative to running data centers in-house. Virtustream’s software can be used to manage complex enterprise applications, such as SAP’s S/4HANA, so they can be run effectively on hosted infrastructure services.
Based in Bethesda, Maryland, Virtustream will be the basis of a new business unit at EMC. Rodney Rogers, the CEO of Virtustream, will lead the new business cloud services unit and report to EMC CEO Joe Tucci.
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