EMC splashes the cash on XtremIO's flash
Storage giant acquires flash storage player for $430m.
EMC has snapped up flash storage specialist XtremIO for $430m (266m), nearly a month after rumours linking the two firms first surfaced.
EMC appears to have been courting the flash-based storage vendor for a while, after its senior executives were reported to have visited XtremIO's offices in Israel last month to discuss a takeover.
XtremIO is the sixth vendor EMC has acquired in Israel, which is also home to one of its research and development centres.
In a statement, the storage giant said XtremIO's technology would fit in well with its existing range of Flash-based arrays, which are featured in its VMAX, VNX and Isilon ranges.
XtremIO was set up in 2009 and, according to a post on its website, was due to start shipping its first products to customers later this year.
In a statement, Pat Gelsinger, president and chief operating officer at EMC, said: "XtremIO brings an amazing technology with a fantastic team that's captured praise from early-view customers and the [IT] industry.
"We fully expect XtremIO technology, once introduced to market, to have a tremendous impact on our customer's ability to [make use of] the unique advantages of all-Flash storage across many of their most demanding applications."
Get the ITPro. daily newsletter
Receive our latest news, industry updates, featured resources and more. Sign up today to receive our FREE report on AI cyber crime & security - newly updated for 2024.