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May 11, 2012

EMC acquires Flash storage firm XtremIO

Deal for Israeli firm will boost EMC's Flash portfolio

By Steve Evans

EMC

Storage giant EMC has acquired Flash specialist XtremIO. Financial details of the deal were not disclosed.

Israel-based XtremIO offers Flash storage architectures and solid state drives (SSDs). EMC said the deal will improve its offerings in the networked storage infrastructure space. More details will be revealed at EMC World, being held in Las Vegas later this month.

EMC got into the Flash storage space in 2008, when it integrated it with its enterprise storage arrays. The company says Flash storage can offer a much faster response time. EMC says the XtremIO architecture will be used within its VMAX and VNX ranges but offered no further details than that.

"XtremIO brings to EMC amazing technology with a fantastic team that’s captured praise from early-view customers and many of the industry’s foremost thinkers," said Pat Gelsinger, EMC’s COO.

"We fully expect XtremIO technology, once introduced to market, to have a tremendous impact on our customer’s ability to leverage the unique advantages of all-Flash storage across many of their most demanding applications," he added.

XtremIO was set up in 2009 and has so far pulled in $25m in funding. According to reports it was getting ready to ship its first products when EMC swooped.

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EMC did say the deal will be all-cash and is not expected to have a material impact on its fiscal year 2012 financial figures.

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