EMC Acquires Bus-Tech, Strengthens Backup Recovery Systems
EMC has successfully acquired Bus-Tech, a Massachusetts-based VTL solutions provider. Bus-Tech was already a member of EMC Select Partner Program since 2004 and an EMC OEM Partner since March, 2008. This acquisition by EMC is going to further strengthen the position of the company, enhancing solutions for backup and recovery, mainframe batch recovery, disaster recovery and data archiving applications.
Frank Slootman, President of EMC’s Backup Recovery Systems division, said, “Mainframe users are not immune to the challenges with tape when it comes to backup and recovery. In a few short years, the application of data deduplication and disk-based storage has literally transformed the backup market. The addition of Bus-Tech will enable us to deliver a suite of next-generation mainframe backup products that are highly differentiated in terms of performance, integration and supportability.”
Although the acquisition will not have any material impact on the EMC GAAP and non-GAAP EPS for 2010 fiscal year, it will open up the new growth avenues for both companies. Al Brandt, President of Bus-Tech is very much hopeful with this collaboration and looks forward for a productive future with EMC Corporation. This acquisition is expected to create a significant market opportunity for mainframe tape storage making it around $2.5 billion by 2014.
Besides this deal, EMC is also trying out to acquire Isilon Systems, but it is not coming to an end. The major issue coming around is price even though the deal is favorable for both sides.
In other EMC news, the company continues to build on existing partnerships through the VCE Coalition by partnering with Cisco. The investments for this partnership has been done by VMWare and Intel.
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
