EMC to gobble up Isilon for $2.25 billion
Storage giant will combine Isilon with its Atmos products to focus on data management for industries like life sciences, media, and oil and gas.
Another independent storage player is getting eaten up. EMC said today that it will buy Isilon Systems, a network-attached storage company, for $33.85 a share in cash, or $2.25 billion.
Why? EMC, like a bevy of other vendors, is chasing big data-management projects.
Isilon is known as a scale-out network-attached storage player. EMC said it will combine Isilon with its Atmos products to focus on data management for verticals like life sciences, media, and oil and gas.
EMC is paying a 29 percent premium from Isilon's closing price on Friday. Isilon, which is likely to have $200 million in 2010 sales, has 500 employees and 1,500 customers such as Sony and Kodak. Seattle-based Isilon was founded in 2001.
Read more of "EMC gobbles up Isilon Systems in pursuit of 'big data' projects" at ZDNet's Between the Lines.