EMC Corporation Acquires PI Corporation for Undisclosed Sum

  • Feed Type
  • Date
    2/21/2008
  • Company Name
    PI Corporation
  • Mailing Address
    615 Second Avenue Seattle, CA 98104
  • Company Description
    PI is working on next generation software environment, that will allow users to create, repurpose, store, share and access personal information in novel ways. PI expects to release its software in both free (open source) and licensed forms.
  • Website
    http://www.picorp.com
  • Transaction Type
    M&A
  • Transaction Amount
    Undisclosed
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    The acquisition of Pi will be an all-cash transaction and is expected to be completed in the first quarter of 2008. On a GAAP basis, EMC currently expects the acquisition of Pi will be dilutive by $.01 per diluted share in 2008. No further details of the transaction are being disclosed.

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