Sunday, November 14, 2010

EMC to Acquire Isilon for Big Data Storage

EMC agreed to acquire Isilon Systems, which develops "scale-out" network attached storage (NAS), for $33.85 per share in cash -- which equates to approximately $2.25 billion, net of Isilon's existing cash balance.

Isilon, which is based in Seattle, offers a highly scalable, low-cost storage infrastructure solution for managing "Big Data", such as the storage needs for new generation applications in the life sciences (e.g. gene sequencing), media and entertainment (e.g. online streaming), and oil and gas (e.g. seismic interpretation). Isilon's scale-out NAS systems are designed to begin small and scale quickly and non-disruptively up to 10 petabytes in size, with extremely high levels of performance and availability.

EMC said its Atmos object storage provides the perfect complement to Isilon for massive globally distributed environments and object access to data for usages like Web 2.0 applications.

Joe Tucci, Chairman and CEO, EMC Corporation, said, "The unmistakable waves of cloud computing and 'Big Data' are upon us. Customers are looking for new ways to store, protect, secure and add intelligence to the vast amounts of information they will accumulate over the next decade. EMC, in combination with Isilon, sits at the intersection of these trends with leading products, solutions and services to help customers get the absolute most out of what cloud computing has to offer."

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