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May 26, 2015 01:59 pm GMT
EMC announced this morning that it had purchased Virtustream, a cloud management firm, for $1.2billion. The company has indicated it will incorporateVirtustream as the company’s newly formed cloud managed services business. Virtustream, which launched in 2008 has raised of $129 million since its inception. A billion dollar exit on that kind of raise is not too shabby, and it gives… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/yuAmQNgURSI/
EMC Continues Shift To Cloud With $1.2B Virtustream Purchase
EMC announced this morning that it had purchased Virtustream, a cloud management firm, for $1.2billion. The company has indicated it will incorporateVirtustream as the company’s newly formed cloud managed services business. Virtustream, which launched in 2008 has raised of $129 million since its inception. A billion dollar exit on that kind of raise is not too shabby, and it gives… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/yuAmQNgURSI/
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