EMC scales up with Isilon purchase
Infrastructure technology company EMC reported it will pay $2.25 billion to purchase Isilon Systems, a network-attached storage company.
The companies' boards of directors unanimously approved Hopkinton, Mass.-based EMC's buyout of Isilon at $33.85 per share. According to EMC, the merger is not expected to have any effect on the company's 2010 earnings per share or accounting figures, but is expected to be accretive to EMC's 2011 figures.
EMC expects Seattle-based Isilon's data management products to integrate with EMC's Atmos to offer a complete and scalable storage infrastructure for managing "Big Data" in cloud environments. EMC claimed this scale-up program will account for $1 billion of the merging companies' revenue for the second-half of 2012.
The companies' boards of directors unanimously approved Hopkinton, Mass.-based EMC's buyout of Isilon at $33.85 per share. According to EMC, the merger is not expected to have any effect on the company's 2010 earnings per share or accounting figures, but is expected to be accretive to EMC's 2011 figures.
EMC expects Seattle-based Isilon's data management products to integrate with EMC's Atmos to offer a complete and scalable storage infrastructure for managing "Big Data" in cloud environments. EMC claimed this scale-up program will account for $1 billion of the merging companies' revenue for the second-half of 2012.