EMC Acquiring Cloud-Computing Startup Cloudscaling
October 13, 2014
Grazed from Bloomberg. Author: Jack Clark and Dina Bass.
EMC Corp. has agreed to acquire cloud-computing startup Cloudscaling Group Inc., pushing to make its storage products work better with a set of free software tools. The deal is for less than $50 million, according to people with knowledge of the situation, who asked not to be identified because the transaction isn’t public.
Cloudscaling helps companies manage large numbers of computers that are linked together by OpenStack, a free open-source technology developed by companies including EMC and Oracle Corp. Cloudscaling also designs technology to make it simple to connect computers running OpenStack to so-called public clouds, operated by providers like Amazon.com Inc. and Google Inc…
EMC plans to use Cloudscaling to “further extend our breadth of cloud platform support,” Dave Farmer, a spokesman at EMC, said in a statement. He added that EMC plans to hold a cloud event on Oct. 28. By making sure EMC’s storage products work well with OpenStack in cloud-computing environments, companies will have more incentive to pair the company’s hardware with the free software. Cloudscaling Chief Executive Officer Randy Bias didn’t respond to requests for comment…
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