Global Sales Contact List

Contact   A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Press Release

EMC Announces Acquisition of CrosStor Software, Inc.

Hopkinton, - Wednesday, November 1, 2000

Hopkinton,, Wednesday, November 1, 2000 - 

EMC Corporation (NYSE:EMC), the world leader in information storage, announced today that it has acquired privately held CrosStor Software, Inc. in a pooling-of-interests transaction. EMC issued approximately $300 million in stock at the closing of this transaction in exchange for all of CrosStor's outstanding capital stock. CrosStor is a leader in high-performance software for networked storage systems. The acquisition will enhance EMC's portfolio of networked storage technology and expertise.

Joe Tucci, EMC's President and Chief Operating Officer, said, "The networking of storage is one of today's most important IT trends, one that underlines both the increasingly strategic role of intelligent storage and the peripheralization of traditional general-purpose servers. EMC has led this trend from its outset, and more than 25% of the storage we sell is now connected directly to a network. CrosStor brings EMC some of the world's most advanced software technology for networked storage as well as an impressive and deep team of experienced developers with rich heritage in open systems. We look forward to welcoming CrosStor to the EMC family."

About EMC

EMC Corporation is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC's products and services can be found at http://www.EMC.com

Notes:
Connect with EMCConnect with EMC
Need help immediately? EMC Sales Specialists are standing by to answer your questions real time.
Use Live Chat for fast, direct access to EMC Customer Service Professionals to resolve your support questions.
Explore and compare EMC products in the EMC Store, and get a price quote from EMC or an EMC partner.
We're here to help. Send us your sales inquiry and an EMC Sales Specialist will get back to you within one business day.
Want to talk? Call us to speak with an EMC Sales Specialist live.