Avamar – the 12th purchase of EMC during the year

Thursday, 2 November, 2006 at 1:35 pm | In Software, Storages | 5 Comments

 
EMC Corporation, the world leader in information management and storage, announced the signing of a definitive agreement to acquire privately-held Avamar Technologies, Inc., a fast-growing provider of enterprise-class data protection software featuring industry-leading data de-duplication technology. EMC will acquire the Irvine, California-based company in a cash transaction valued at approximately $165 million. The acquisition is expected to be completed within 30 days and is not expected to have a material impact on EMC’s revenue or EPS for 2006.

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