EMC acquires NAS specialist Isilon for $2.25B

Information storage specialist has agreed to purchase Isilon for US$2.25 billion , in order to acquire its range of modular NAS storage products

The infrastructure storage systems and software company EMC has announced that it will purchase network-attached storage firm Isilon.

The purchase will provide EMC with Isilon"s range of "scale-out" network-attached storage (NAS) products, designed to allow incremental storage additions up to a total of 10 petabytes. It will also fulfil the company"s aspirations of providing storage infrastructure products capable of handling the "big data" of public and private cloud environments. EMC will pay US$33.85 per Isilon share.

"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," said Joe Tucci, EMC chairman and chief executive, in a statement. EMC said that it does not expect the purchase to affect its 2010 earnings.

Read more of "EMC acquires NAS specialist Isilon for $2.25bn" at ZDNet UK.