EMC is likely to acquire business partner Network Intelligence next week for a price between $170 million to $175 million, a source familiar with the plan said.
Beyond the initial acquisition price, a further payout could elevate the price as high as about $250 million if the company meets future financial goals, the source said. The company's annual revenue is about $20 million to $25 million, the source said.
Network Solutions sells software that converts a company's data into a form useful for audits and regulatory compliance. It already has a partnership with EMC, whose Centera storage system can be used in archiving such data. EMC has been on an acquisition spree, buying several software companies to expand beyond its original storage system specialty.
EMC declined to comment, and Network Intelligence didn't respond to requests for comment.