EMC Acquires Isilon For $2.25 billion

The enterprise software maker EMC has shelled out $2.25 billion to acquire the data storage company Isilon ( #-Link-Snipped-# ). That is $33.83 per share. Isilon is know for its “Scale-out NAS” storage systems, which offer customers a highly scalable, low-cost storage infrastructure for managing “Big Data.” Clients who need Isilon’s data storage capabilities include those in life sciences (e.g. gene sequencing), media and entertainment (e.g. online streaming), and oil and gas (e.g. seismic interpretation).

Isilon’s systems can scale to 10 petabytes in size. EMC says its own storage product Atmos will be complimentary to Isilon’s offerings. Currently, EMC has a 20 percent market share in the storage space, so this should only help boost that position. EMC expects the combined revenue of the two storage offerings to reach a $1 billion run-rate during the second half of 2012. That’s big money for EMC.

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