UPDATE 1-EMC to buy Virtustream for $1.2 bln to expand cloud offerings May 26- Data storage products maker EMC Corp said it would buy privately held Virtustream for about $1.2 billion in cash to expand its cloud offerings. EMC has been looking to strengthen its cloud services offerings as it struggles with slowing sales growth in its main data storage products business. "With the addition of Virtustream, EMC will enable customers...
EMC to buy Virtustream for $1.2 bln in cash May 26- Data storage products maker EMC Corp said it would buy privately-held Virtustream for about $1.2 billion in cash. EMC said on Tuesday that Virtustream would form its new managed cloud services business. The deal, which is expected to close in the third quarter, is expected to add to EMC's revenue and profit in 2016, the company said.
UPDATE 1-NetApp results miss estimates; shares fall May 20- Data storage equipment maker NetApp Inc reported fourth-quarter results below analysts' estimates, hurt by lower sales to original equipment manufacturers, sending its shares down more than 10 percent in extended trading. NetApp has been trying to boost growth by focusing on cloud-based products as businesses cut spending on high-end storage...
Disruptor 50: No. 16 Pure Storage The secret to this company's success is its flash memory technology, a method that's faster and simpler than traditional disk storage.
| By: CNBC.com staff