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June 20, 2013 02:58 am GMT

EMC Acquires Israeli Storage Startup ScaleIO For $200M-$300M To Compete Better With The Cloud Kings

Screen shot 2013-06-19 at 11.03.32 AMPalo Alto-based ScaleIOis one of a new generation of startup storage providers that's using intelligent software to help big companies streamline and converge their data storage operations at scale, across thousands of servers. On a mission to re-imagine the very operations of enterprise data centers, the startup's tech takes aim at the core business of storage giants like EMC and IBM. In fact, ScaleIOclaims that its block storage technology offers 80 to 90 percent savings compared to the bigs.

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