EMC Acquires XtremIO for $430,000,000
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3701f4d8-a636-4792-bed4-147e68e31821&Preview=1 -
Date
5/10/2012 -
Company Name
XtremIO -
Mailing Address
25 Metro Dr San Jose, CA 95110 -
Company Description
XtremIO is a privately held, venture-backed company founded in 2009. We are developing breakthrough storage system solutions based on innovative architecture and storage algorithms, utilizing solid-state drive (SSD) technologies. Our storage solutions address the growing challenges of modern IT infrastructure, creating value through dramatic gains in performance, efficiency, ease of management, and economics. -
Website
http://www.xtremio.com -
Transaction Type
M&A -
Transaction Amount
$430,000,000 -
Transaction Round
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Proceeds Purposes
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M&A Terms
The acquisition was paid for with all cash.
