Deals
EMC Weighs Using $5.65 Billion Cash on Security Startups: Tech
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Just three years ago, EMC Corp. was considered takeover bait. How things have changed: Since then, the world’s biggest maker of storage computers has made 15 acquisitions and its mergers team is figuring out how to use $5.65 billion in cash to bulk up in security technology.
“The biggest area would probably be security,” said President and Chief Operating Officer David Goulden, when asked about EMC’s acquisition plans in a July 25 interview. He said the company had “all the key parts we were looking to put together” in its core storage business.