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EMC Buys Israel's XtremIO

EMC Corp. (EMC) said Thursday that it has acquired privately held Flash storage products maker XtremIO.

Herzliya, Israel-based XtremIO's all-Flash, scale-out, enterprise storage architecture was designed to leverage the speed and unique abilities of Flash memory.

The addition of XtremIO extends EMC's lead in developing and delivering networked storage infrastructures that are dynamically optimized for performance, intelligence, and protection for both physical and virtualized cloud environments.

EMC said the all-cash transaction is not expected to have a material impact to its GAAP or non-GAAP EPS for the full 2012 fiscal year.

Additional details will be provided at EMC World, which is being held May 21-24 at the Venetian in Las Vegas.

by RTTNews Staff Writer

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