EMC to Acquire ScaleIO -- Strengthens Industry-Leading Flash Portfolio

    EMC to Acquire ScaleIO -- Strengthens Industry-Leading Flash Portfolio

PR Newswire

HOPKINTON, Mass., July 11, 2013

HOPKINTON, Mass., July 11, 2013 /PRNewswire/ --

News Highlights:

  oEMC Corporation has signed an agreement to acquire privately-held ScaleIO,
    a pioneer in scalable server-based storage software.
  oScaleIO accelerates EMC's strategy to deliver Flash across the entire
    server and storage infrastructure.
  oThe all-cash transaction is not expected to have a material impact to EMC
    GAAP or non-GAAP EPS for the full 2013 fiscal year.
  oAdditional details from EMC and ScaleIO management are located on the EMC
    Pulse News Blog.

Full Story:

EMC Corporation (NYSE: EMC) today announced that it has signed a definitive
agreement to acquire privately-held ScaleIO, a pioneer in server-side storage
software. The acquisition will further strengthen the EMC^® Flash portfolio by
combining ScaleIO's highly scalable server software with PCIe Flash cards,
such as EMC XtremSF™, in Enterprise Private Cloud and Service Provider
environments.

Upon closing, ScaleIO will operate within the EMC Flash Product Division.
ScaleIO and its Elastic Converged Storage (ECS) software will become an
integral part of the EMC XtremSW^™ Suite, which EMC introduced earlier this
year with the goal of enabling customers to better utilize and manage
server-based PCIe Flash storage. Terms of the deal were not disclosed. The
all-cash transaction is not expected to have a material impact to EMC GAAP or
non-GAAP EPS for the full 2013 fiscal year.

ScaleIO takes a software-only approach to creating a virtual pool of
server-based storage by logically combining SSDs, PCIe Flash cards, HDDs—or
any combination of these devices. ScaleIO provides support for both
virtualized and non-virtualized environments and scales from tens to thousands
of servers.

EMC is committed to enabling customers to deploy Flash across their entire
server and storage infrastructures. The EMC Xtrem™ Family of products deliver
server-side hardware and software (through XtremSF PCIe cards and XtremSW
Suite) and all-Flash arrays (through XtremIO™). EMC also leads the market in
Flash-optimized hybrid arrays with EMC VMAX^® and EMC VNX^® storage.

EMC Executive Quote:

David Goulden, President and Chief Operating Officer, EMC

"Flash now permeates every layer of IT—in virtualized and non-virtualized
environments. Enterprise workloads are diverse in nature, and EMC is committed
to offering our customers and partners choice in their Flash deployments.
ScaleIO is a natural extension to our best-of-breed portfolio. It strengthens
our product capabilities in the area of server-side storage and brings a world
class team that will undoubtedly enable us to innovate more quickly in the
future."

Additional Resources:

  oRead the corresponding EMC Pulse News Blog post
  oLearn more about the EMC Flash Portfolio
  oConnect with EMC viaTwitter,Facebook,YouTube, andLinkedIn

About EMC

EMC Corporation is a global leader in enabling businesses and service
providers to transform their operations and deliver IT as a service.
Fundamental to this transformation iscloud computing. Through innovative
products and services, EMC accelerates the journey to cloud computing, helping
IT departments to store, manage, protect and analyze their most valuable asset
– information – in a more agile, trusted and cost-efficient way. Additional
information about EMC can be found atwww.EMC.com .

EMC, Xtrem, XtremSF, XtremSW, XtremIO, VNX and VMAX are either a registered
trademark or a trademark of EMC Corporation in the United States and/or other
countries. All other trademarks used are the property of their respective
owners.

This release contains "forward-looking statements" as defined under the
Federal Securities Laws. Actual results could differ materially from those
projected in the forward-looking statements as a result of certain risk
factors, including but not limited to: (i) adverse changes in general economic
or market conditions; (ii) delays or reductions in information technology
spending; (iii) the relative and varying rates of product price and component
cost declines and the volume and mixture of product and services revenues;
(iv) competitive factors, including but not limited to pricing pressures and
new product introductions; (v) component and product quality and availability;
(vi) fluctuations in VMware, Inc.'s operating results and risks associated
with trading of VMware stock; (vii) the transition to new products, the
uncertainty of customer acceptance of new product offerings and rapid
technological and market change; (viii) risks associated with managing the
growth of our business, including risks associated with acquisitions and
investments and the challenges and costs of integration, restructuring and
achieving anticipated synergies; (ix) the ability to attract and retain highly
qualified employees; (x) insufficient, excess or obsolete inventory; (xi)
fluctuating currency exchange rates; (xii) threats and other disruptions to
our secure data centers or networks; (xiii) our ability to protect our
proprietary technology; (xiv) war or acts of terrorism; and (xv) other
one-time events and other important factors disclosed previously and from time
to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC
disclaims any obligation to update any such forward-looking statements after
the date of this release.

SOURCE EMC Corporation

Website: http://www.emc.com
Contact: Katryn McGaughey, 508-293-7717, Katryn.Mcgaughey@emc.com
 
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