EMC Corporation
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EMC Corporation NYSE: [EMC]
In 2002, EMC acquired Prisa Networks for its storage area network (SAN) management VisualSAN product. In 2003, EMC announced that it purchased Documentum and Legato Corporation and VMware. Continuing its acquisitive streak, EMC announced the purchase of network management software company System Management Arts, Inc., also known as SMARTS. Recently, EMC has been doing a lot of work in the area of Information Lifecycle Management (ILM), and has added physical security products including the EMC Security Analysis Management Solution (SAMS).
Through an acquisition of a Belgian software company called FilePool, EMC developed a data-archiving product called Centera. This content addressed storage platform addressed archiving-specific needs of ILM in rapidly changing technical environments.
On the 29 June 2006 EMC announced that it was buying security software comapany RSA Security, Inc. It expects the deal to be completed in late third or early fourth quarter of 2006. Once the deal is completed, RSA will act as the company's information security division.
History
EMC began in 1979, founded by Richard (Dick) Egan and Roger Marino. Originally a manufacturer of memory boards, (and before that, selling computer furniture) EMC quickly began expanding beyond memory to disk drives. Spurred on by the brainpower of Moshe Yanai, EMC quickly grew to the top with innovative and large storage platforms. Joseph Tucci became CEO in 2001, replacing Michael Ruettgers who continued as chairman until 2006.In data storage, EMC's primary competitors are IBM Corp. and Hitachi Data Systems. The company has been transitioning from a purely hardware driven company to a healthy mix of hardware/software/professional services. The big push for the future comes from its virtualization products which include VMware, Invista, and Rainfinity.
A series of acquisitions helped grow EMC to the largest provider of data storage platforms in the world.
- August 9, 1999: Data General and CLARiiON
- April 12, 2001: FilePool (became Centera)
- September 25, 2002: Prisa Networks
- April 15, 2003: Astrum
- July 14, 2003: Legato Corporation (maker of EMC Legato Networker backup software)
- October 14, 2003: Documentum
- December 15, 2003: VMware
- October 12, 2004: Dantz Development Corporation
- November 2, 2004: Allocity
- December 21, 2004: System Management Arts
- 16 August, 2005: The intellectual property of Maranti Networks
- 17 August, 2005: Rainfinity
- October 20, 2005: Captiva Software
- October 25, 2005: Acartus
- January 9, 2006: Internosis
- May 9, 2006: Kashya
- May 11, 2006: Interlink Group
- June 7, 2006: nLayers
- June 19, 2006: ProActivity Software Solutions Ltd.
- June 29, 2006: RSA Security
The founders of EMC are Richard Egan and Roger Marino, the "E" and "M" behind the naming of EMC. The "C" refers to a third founder who quit shortly after the formation of the company. "EMC Corporation" is the Company's full name, cleverly shortened in the company logo by using the mathmatical convention of squaring the C.
External links
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