EMC Corporation Acquires PI Corporation for Undisclosed Sum
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0bad9767-7d55-4397-a260-9a5b48f9687d&Preview=1 -
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.
