EMC to Buy Data Storage Company Isilon for $2.25 Billion

by Hugh Collins on Nov.15, 2010, under Towing

Data storage firm EMC Corp. (EMC) will buy scale-out storage company Isilon Systems for $2.25 billion, the companies announced Monday.

The deal, which values Isilon at a price of $33.85 per share, is expected to complete before the end of this year, EMC said in a statement.

The acquisition will allow EMC to boost its presence in the storage of so-called Big Data. Big Data describes the information…

Continue reading EMC to Buy Data Storage Company Isilon for $2.25 Billion

EMC to Buy Data Storage Company Isilon for $2.25 Billion originally appeared on DailyFinance on Mon, 15 Nov 2010 07:46:00.

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