Post by Shmulik Shelach (thank you). So finally the rumor is a fact
The storage systems company is EMC’s sixth acquisition in Israel.
After several months of intensive talks, EMC Corporation (NYSE: EMC) is acquiring storage systems company XtremIO for $430 million. “Globes” was the first to report the imminent acquisition several weeks ago.
XtremIO was founded by a group of Israeli high tech veterans including Aryeh Margi, a co-founder of M-Systems; Shuki Bruck, Yaron Segev, and CEO Ehud Rokach, a former senior executive at Orckit and CEO Corrigent.
Read on here