EMC Acquires Syncplicity
- EMC acquires Syncplicity, Inc., privately-held, next-generation, cloud-based synch and share file management provider
- Syncplicity delivers enterprise capabilities unlike consumer-focused competitors
- EMC further enables the enterprise to balance productivity for the users and governance for IT
- Financial terms were not disclosed
At EMC World 2012, EMC ® (NYSE:EMC) today announced that it has acquired privately held Syncplicity, Inc., a leader in cloud-based file management solutions. Based in Menlo Park, California, Syncplicity provides native cloud-based sync and share capabilities required by enterprise customers. Enterprise sync and share solutions are increasingly required by companies in response to the proliferation of mobile, social and cloud computing. Terms of the transaction were not released.
Unlike competitive offerings geared for consumers, Syncplicity solutions were built for the enterprise, enabling users to interact and share content on their device of choice with the security and governance IT requires. The company's solutions help organizations manage, sync, share and backup files across its' extended enterprise, providing the tools they need to maximize productivity, protect their corporate data, and reduce infrastructure and support costs.
Integrating Syncplicity with the Information Intelligence Group portfolio provides a compelling opportunity for organizations, leveraging EMC's rich heritage in enterprise content management, information governance solutions and cloud storage, thousands of enterprise customers who rely on its technology to run their businesses and EMC's strong go-to-market channel. The addition of Syncplicity also extends EMC's strategy of enabling the ‘New User' in the Post PC era, those who want to access, share, collaborate and participate in business processes on their preferred device.
EMC Executive Quote:
Rick Devenuti, President, Information Intelligence Group, EMC
"It's our core belief that productivity and security are not mutually exclusive. In acquiring Syncplicity, we validate this concept by uniting enterprise ‘sync and share' capabilities for the cloud with governance and rigor that is synonymous with Documentum ® . As cloud, social and mobile dominate the way work gets done, our customers require more than simple containers for managing and sharing content. With Syncplicity, we will deliver best-in-class solutions for true extended enterprise collaboration."
The Information Intelligence Group division of EMC is focused on four key strategic priorities for customer success – delighting the "New User" of the Post PC era with a compelling, fast and modern user experience across a variety of end-point devices; accelerating our customers' journey to the cloud; delivering pervasive governance to protect information wherever it exists, and helping our customers transform their business with high value solutions.
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EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyze their most valuable asset — information — in a more agile, trusted and cost-efficient way. Additional information about EMC can be found at www.EMC.com.
David De Jear
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This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays or reductions in information technology spending; (iii) the relative and varying rates of product price and component cost declines and the volume and mixture of product and services revenues; (iv) competitive factors, including but not limited to pricing pressures and new product introductions; (v) component and product quality and availability; (vi) fluctuations in VMware, Inc.'s operating results and risks associated with trading of VMware stock; (vii) the transition to new products, the uncertainty of customer acceptance of new product offerings and rapid technological and market change; (viii) risks associated with managing the growth of our business, including risks associated with acquisitions and investments and the challenges and costs of integration, restructuring and achieving anticipated synergies; (ix) the ability to attract and retain highly qualified employees; (x) insufficient, excess or obsolete inventory; (xi) fluctuating currency exchange rates; (xii) threats and other disruptions to our secure data centers or networks; (xiii) our ability to protect our proprietary technology; (xiv) war or acts of terrorism; and (xv) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.