EMC goes for Legato

Storage hardware giant EMC is planning to buy storage management software firm Legato Systems in a deal worth around $1.3 billion, it announced today. If the deal goes through, Legato will be run as a software division of EMC.

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By  Peter Branton Published  July 8, 2003

Storage hardware giant EMC is planning to buy storage management software firm Legato Systems in a deal worth around $1.3 billion, it announced today. If the deal goes through, Legato will be run as a software division of EMC.

“This combination is all about improving the access, management and protection of an organisation’s core asset – information – through its complete lifecycle,” said Joe Tucci, EMC’s president and CEO. “We’re combining best of breed storage technology, two winning employee populations with similar reputations for customer focus, and two experienced management teams with highly complementary visions for the future of information management.”

While EMC has built a powerful reputation in the storage hardware market, storage management software, which helps companies to handle their data, is increasingly becoming the key differentiator in the storage market. EMC has been rumoured for some time to be in the market for one of the market leaders in storage management software, and its name has been linked with Legato’s in the past.

Legato specialises in backup and recovery applications as well as automated availability solutions.

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