News

EMC Purchases CrosStor

Storage monolith EMC Corp. announced today that it would purchase CrosStor Inc. CrosStor has designed filesystems and other storage related software for nearly ten years.

The deal, valued at $300 million, was a purely stock transaction. EMC issued shares in exchange for capital interests in CrosStor. EMC stock rose 1.94 to 91.00 on the news.

An EMC spokesman said that EMC valued the abilities of CrosStor’s developers, but had not current plans for releasing CrosStor products to market. CrosStor technology would be most immediately useful in EMC's line of Network Attached Storage products. – Christopher McConnell

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • FTC Expands Microsoft Antitrust Investigation Under Trump Administration

    The Federal Trade Commission (FTC) is pressing ahead with a broad investigation into Microsoft's business practices, an inquiry that began in the final weeks of the Biden administration.

  • An image of planes flying around a globe

    2025 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss.

  • Microsoft to Shut Down Skype Services

    Microsoft will discontinue its Skype telecommunications and video calling services on May 5, 2025, marking the end of the platform's decades-long run.

  • Big Blue To Acquire Datastax in Enterprise AI Play

    In a bid to bolster its enterprise-aimed AI capabilities, IBM is planning to acquire Datastax, a leading AI and data solutions provider, for an undisclosed amount.

Most   Popular