EMC to acquire Legato

The US$1.3 billion acquisition will help EMC to expand its portfolio of storage management solutions for high growth markets.

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By  Vijaya Cherian Published  July 10, 2003

In a bid to expand its technology offerings and increase its market share in the storage software market, EMC Corporation will take over Legato in a US$1.3 billion stock transaction. EMC will leverage Legato’s strengths in heterogeneous information protection and recovery, automated availability, and e-mail and content management to expand its own portfolio of open storage software and offer customers a more comprehensive solution to manage their data. Both companies will integrate their engineering and development functions to accelerate the development and delivery of comprehensive storage management solutions for high growth markets such as e-mail management and archiving.

“This combination is all about improving the access, management and protection of an organisation's core asset – information – through its complete lifecycle,” says 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. This represents a significant win for both companies' customers, employees, partners and stockholders, accelerating the evolution of EMC as the company that offers the most comprehensive, open and integrated information storage solutions."

With the acquisition, EMC hopes to deliver a comprehensive and cost-effective information lifecycle management solution to customers. "Legato will now have additional resources to further accelerate the development and delivery of solutions to the market in order to fulfill our mission of delivering the software and services that protect and manage customer's information, assure the availability of their applications and provide immediate access to business-critical information,” says David Wright, chairman and CEO of Legato.

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