EMC Finalizes $1.2 Billion Virtustream Buy

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Monday, July 13, 2015

EMC Finalizes $1.2 Billion Virtustream Buy

EMC Corporation today announced it has completed the acquisition of Virtustream. Virtustream represents a transformational element of EMC's strategy to help customers move all applications to cloud-based IT environments. The all-cash transaction is expected to have no material impact to EMC financial results in 2015 and is expected to be additive to revenues and accretive to EPS in 2016. Operational details of the new EMC Federation business formed by Virtustream will be announced later this quarter.

To view the original press release, please click here.

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