Is this a blagger that I see before me?
Thoughts, opinions, interesting snippets and gossip from ZDNet UK's news editor
Tuesday 6 February 2007, 10:19 PM
Can EMC leave its wallet alone?
Rather like one of English football's WAGs, storage vendor EMC does love a shopping spree. This week's irresistable accessory is Valyd, an Indian IT company specialising in enterprise data storage.
The takeover will allow EMC to offer better protection for corporate databases, CEO Joe Tucci told the RSA Conference 2007 in San Francisco on Tuesday.
It's only seven months since EMC gobbled RSA up for $2.1bn, and one couldn't blame the company if it decided to retreat somewhere warm and quiet to digest it, rather than promptly buying Valyd (for an undisclosed sum).
Tucci was lightly grilled during his appearance on stage, and again later at an analyst/journalist press conference, about EMC's acquisition strategy. He flatly refused to name any potential targets (bad news for the stock market speculators among you), and did a fairly convincing job of persuading us that he's not planning another mega-takeover. However, he's not planning to kick the shopping habit. He told the conference that they'll see "several more' smaller purchases next year.
The underlying logic, Tucci said, is to continue adding new services that complement EMC's existing storage, security and services range. Or as the WAGs might put it, there's no point buying the shiny new shoes without the matching handbag and earrings as well.
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