Items tagged with (NYSE: EMC)
As companies become well-established in the market, and sometimes seem to become integral to it, an obvious move is to begin acquiring other companies to help bolster their offerings further. We see this often: Microsoft, Apple, Google, and many others regularly search the market for smaller companies that would be worth bringing in under their wing. It also happens on a larger scale, but those sorts of acquisitions are far from common. Well, if a new rumor that's floating around becomes true, the market will be hit by a rather amazing acquisition. The Wall Street Journal is reporting that Dell is in talks to acquire some, or all, of EMC, an enterprise storage leader that happens to own a number...
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EMC and VMware have pooled their resources to create Pivotal, a competitor to Amazon and its cloud services dominance, and according to the New York Times, Pivotal is now officially a company. Paul Maritz (pictured, inset), former CEO of VMware and a past executive at Microsoft will head the new company. Further details on senior leadership will emerge at Pivotal’s official launch on April 29th. Pivotal is taking on Amazon; if there was any doubt that Amazon needed a competition in the cloud services market, just note how much of the Internet disappears every time Amazon’s AWS experiences an outage. From Pivotal's teaser website The new company’s goals are summarized in a statement...
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