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MAG 15-07, Economy

EMC acquires Virtustream

EMC has purchased Virtustream. The cloud software provider is to operate as an independent managed cloud services company within EMC's federation of EMC Information Infrastructure, VCE, VMware, Pivotal and RSA.
E-3 Magazine
July 2, 2015
Content:
2015
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This text has been automatically translated from German to English.

With Virtustream, EMC completes the industry's most comprehensive hybrid cloud portfolio, covering all applications, workloads and cloud models.

Virtustream CEO Rodney Rogers will report to EMC CEO Joe Tucci. A purchase price of around 1.2 billion US dollars has been agreed. EMC does not expect any impact on the 2015 business results, but additional revenue in 2016.

Virtustream primarily supports large companies in migrating business-critical applications to the cloud and operating and managing them there.

Rodney Rogers and Kevin Reid, President and CTO of Virtustream, founded the company in 2009, specializing in application lifecycle automation and orchestration with I/O-intensive, business-critical applications such as S/4 Hana.

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