Storage vendor EMC has boosted its software offering with the $1.3bn acquisition of back-up storage company Legato. The move is an acknowledgement by EMC that it needs to provide products for customers with multiple storage platforms and the all...
EMC has been working hard to broaden its reputation as a viable provider of storage software, most recently by agreeing to purchase Legato Systems, a maker of backup and recovery software, in a $1.3bn deal.
EMC has been developing its software business as part of its focus on ILM, agreeing in July to acquire Legato Systems, a maker of backup and recovery systems, in a stock deal worth $1.3bn. The executive estimated that EMC, Documentum and Legato had...
EMC's figure reflects the combined results of EMC and Legato Systems, which EMC acquired last October. Revenue from EMC and Legato in the fourth quarter grew 25.7 per cent year over year to $563m, when looking at the combined results of the...
The Hopkinton, Massachusetts-based storage specialist made a strong push to expand its software offerings last year by acquiring companies such as Legato Systems, which makes data backup and recovery applications.
Others who moved to EMC after a period at HP are Mark Lewis, now an executive vice president and co-leader of EMC's software group, and Mark Sorenson, who heads research and development at EMC's Legato unit.