Deals
EMC Acquiring Cloud-Computing Startup Cloudscaling
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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.