Thursday, May 10, 2012

XtremIO Acquired By EMC

San Jose- and Israel-based XtremIO, which develops flash-based storage arrays, has been acquired by EMC, EMC confirmed today. Financial details of the deal, which was rumored to be worth between $400M and $450M, were not announced. EMC said the all-cash deal is not expected to have a material impact on its GAAP or non-GAAP EPS for the full 2012 fiscal year. XtremIO develops flash-based enterprise storage. The firm was venture backed by Lightspeed Venture Partners, Battery Ventures, Giza Ventures, and Jerusalem Venture Partners (JVP).