{"id":556,"date":"2015-05-28T13:09:02","date_gmt":"2015-05-28T17:09:02","guid":{"rendered":"https:\/\/solutionsreview.com\/cloud-platforms\/?p=556"},"modified":"2018-07-05T16:59:56","modified_gmt":"2018-07-05T20:59:56","slug":"emc-announces-1-2b-acquisition-of-virtustream","status":"publish","type":"post","link":"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/","title":{"rendered":"EMC Announces $1.2B Acquisition of Virtustream"},"content":{"rendered":"

\"EV\"<\/a>On Tuesday morning, Hopkinton, MA, based\u00a0data storage systems provider EMC<\/a> announced an impending $1.2 billion acquisition of Maryland-based cloud provider Virtustream<\/a>.<\/p>\n

The acquisition brings Virtustreams infrastructure as a service (IaaS), Cloud management platform (CMP)\u00a0and managed services offerings into EMC’s portfolio. It’s a considerable jump into the cloud for the storage company, who has been lagging on cloud adoption.<\/p>\n

[From AWS to Rackspace, Solutions Review rounds up the top 28 cloud vendors in the 2015 Cloud Platform Solutions Buyer\u2019s Guide. Solutions Review Buyer\u2019s Guides include full market overviews and 10 questions designed to help find your best fit in the cloud. Download your free copy today.<\/a>]<\/span><\/span><\/b><\/p>\n

Though Virtustream is a small company (the purchase cost less than 25 percent of Amazon Web Services’ 2014 earnings<\/a>), the company has earned praise for its IaaS solution; just last week, Virtustream placed as a “niche player” in Gartner’s 2015 IaaS Magic Quadrant<\/a>, and was one of the best place solutions in that quadrant.<\/p>\n

This is the second major cloud acquisition by EMC in the last year. In fall of 2014, EMC bought Cloudscaling, an OpenStack based startup, for $50 million.<\/p>\n

EMC spent $1.7 billion on mergers and acquisitions last year, and roughly half of that in 2013; the company has spent $16 billion on mergers and acquisitions in the last decade.<\/p>\n

The storage company’s entry into the IaaS market comes at a time of market consolidation as many of the world’s largest tech companies fight for IaaS market share.<\/p>\n

Worldwide spending on cloud IaaS will grow\u00a032.8 percent in 2015, according to Gartner.<\/p>\n

In an official release<\/a>, EMC Chairman and CEO Joe Tucci said that he believed Virtustream will have a strong effect on EMC’s earnings.\u00a0\u201cVirtustream is an exceptional company and this is a critical and transformative acquisition for EMC in one of the industry\u2019s fastest-growing and most important sectors,\u201d said Tucci. \u201cWith Virtustream in place, EMC will be uniquely positioned as a single source for our customers\u2019 entire hybrid cloud infrastructure and services needs.”<\/p>\n

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On Tuesday morning, Hopkinton, MA, based\u00a0data storage systems provider EMC announced an impending $1.2 billion acquisition of Maryland-based cloud provider Virtustream. The acquisition brings Virtustreams infrastructure as a service (IaaS), Cloud management platform (CMP)\u00a0and managed services offerings into EMC’s portfolio. It’s a considerable jump into the cloud for the storage company, who has been lagging […]<\/p>\n","protected":false},"author":24,"featured_media":557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[119,117,18,76,118],"acf":[],"yoast_head":"\nEMC Announces $1.2B Acquisition of Virtustream<\/title>\n<meta name=\"description\" content=\"Data storage systems provider EMC has announced an impending $1.2 billion acquisition of Maryland-based IaaS and managed cloud provider Virtustream.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeff Edwards\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/\",\"url\":\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/\",\"name\":\"EMC Announces $1.2B Acquisition of Virtustream\",\"isPartOf\":{\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/solutionsreview.com\/cloud-platforms\/files\/2015\/05\/EV.jpg\",\"datePublished\":\"2015-05-28T17:09:02+00:00\",\"dateModified\":\"2018-07-05T20:59:56+00:00\",\"author\":{\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6\"},\"description\":\"Data storage systems provider EMC has announced an impending $1.2 billion acquisition of Maryland-based IaaS and managed cloud provider Virtustream.\",\"breadcrumb\":{\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/#primaryimage\",\"url\":\"https:\/\/solutionsreview.com\/cloud-platforms\/files\/2015\/05\/EV.jpg\",\"contentUrl\":\"https:\/\/solutionsreview.com\/cloud-platforms\/files\/2015\/05\/EV.jpg\",\"width\":600,\"height\":300},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/emc-announces-1-2b-acquisition-of-virtustream\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/solutionsreview.com\/cloud-platforms\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EMC Announces $1.2B Acquisition of Virtustream\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/#website\",\"url\":\"https:\/\/solutionsreview.com\/cloud-platforms\/\",\"name\":\"Best Enterprise Cloud Strategy Tools, Vendors, Managed Service Providers, MSP and Solutions\",\"description\":\"Guides, Analysis and Best Practices\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/solutionsreview.com\/cloud-platforms\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/#\/schema\/person\/3d31b4b6a777a91476a65c087be260e6\",\"name\":\"Jeff Edwards\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/solutionsreview.com\/cloud-platforms\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8471d2b63e0587b41d829ecc153ba8e7?s=96&d=blank&r=g\",\"caption\":\"Jeff Edwards\"},\"description\":\"Jeff Edwards is an enterprise technology writer and analyst covering Identity Management, SIEM, Endpoint Protection, and Cybersecurity writ large. 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