One of the worst kept secrets in the storage world is finally out. EMC are acquiring XtremIO for a reported $430 million, as documented in a previous post.
The EMC press release talks about XtremIO as “one of the world’s widely regarded Flash storage architecture pioneers”, yet they have no revenue or paying customers to reference. Although I speculated that EMC may have been acquiring IP to develop for Project Thunder, perhaps the actual reason was to acquire the talent within the company to help bring Thunder (and new products) to market. Regardless, two things are for sure:
- EMC are acknowledging that all-flash arrays are a new market segment
- EMC are confirming that all-flash traditional arrays simply can’t cut the mustard
- EMC chugs down flash freshman XtremIO for $430m (The Register)
- Xtrem Thunder in the forecast for EMC? (Pure Storage)
- EMC Buys ExtremeIO (Ray On Storage)
- EMC Buys XtremIO for $430m (Globes)
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