"Data storage products maker EMC said Tuesday it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings.EMC to Buy Virtustream for $1.2 Billion to Expand Cloud Offerings | Re/code
EMC has been looking to strengthen its cloud services offerings as it struggles with slowing sales growth in its main data storage products business.
The company said Virtustream would operate as its new managed cloud services business after the transaction closes."
Wednesday, May 27, 2015
EMC to Buy Virtustream for $1.2 Billion to Expand Cloud Offerings | Re/code
Cloud consolidation continues