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EMC Buys Enterprise Data Storage Company Isilon For $2.25 Billion In Cash

November 15th, 2010 11:59 admin Leave a comment Go to comments

Enterprise software giant EMC has just acquired Isilon Systems for $2.25 billion in cash or appoximately $33.85 per share. The deal was rumored to be in the works but now it’s official.

Isilon is know for its “Scale-out NAS” storage systems, which offer customers a highly scalable, low-cost storage infrastructure for managing “Big Data.” Clients who need Isilon’s data storage capabilities include those in life sciences (e.g. gene sequencing), media and entertainment (e.g. online streaming), and oil and gas (e.g. seismic interpretation).

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Source: EMC Buys Enterprise Data Storage Company Isilon For $2.25 Billion In Cash

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