EMC acquires SMARTS in $260M deal

The acquisition is slated to be completed in the first quarter of 2005

By Todd R. Weiss

December 21, 2004 12:00 PM ET

Recommended

Computerworld - In a move aimed at bolstering its product line, storage vendor EMC Corp. is buying SMARTS Inc., an event automation and real-time network systems management software vendor.
The deal, announced today, is worth about $260 million and is expected to be completed in the first quarter of 2005, according to Hopkinton, Mass.-based EMC. After the acquisition, SMARTS, also known as System Management ARTS Inc., will be integrated into EMC's software group.
"This acquisition is about market expansion, innovative technology and growth," EMC President and CEO Joe Tucci said in a statement. "SMARTS represents a strategic acquisition for EMC in a complementary, growing market -- network systems management."
SMARTS's network systems management software includes SMARTS InCharge, which automatically pinpoints problems, calculates their impact and presents logical action plans to keep business services running. EMC said it will incorporate the technologies into future storage management software products.
Shaula Alexander-Yemini, founder and CEO of SMARTS, said in a statement that the deal is good for the company and its customers.
"This is the right move at the right time for SMARTS," Alexander-Yemini said. "EMC and SMARTS share a complementary vision for the increasing importance of infrastructure management, sell to the same large enterprises and service providers and a have mutual respect for each others' culture of innovation.
"With the help of EMC, SMARTS now has at our disposal the resources to realize the full potential of our technology and bring a broader set of products to a larger customer base much faster," Alexander-Yemini said.
The White Plains, N.Y.-based company said it expects fiscal 2004 revenue to be slightly more than $60 million.
A spokesman for EMC couldn't be reached for comment this morning.

Recommend Digg Twitter ShareThis

Email Print Send Feedback Reprints

Jump to comments

Storage

Additional Resources

Xerox

Win a color printer!

By using solid ink technology only from Xerox, you could save up to 65% by printing color for the cost of black and white. Enter for a chance to WIN a PhaserTM 8860 network color printer!

Microsoft

Upgrade to Internet Explorer 8 today.

Save time and mitigate security risk. Deploy it now.

Sybase

NEXT-GENERATION MOBILITY PLATFORMS

In this white paper, IDC analyzes the role of next-generation mobile enterprise platforms as organizations seek a more strategic deployment of mobile solutions.

Learn the important issues you must consider before starting your next mobility initiative. Get your mobility white paper from IDC now, compliments of Sybase.

White Papers & Webcasts

Informatica 9 Launch: Transform your Business. Transform your world.

LIVE Nov 10, 2009 12:00 PM ET

Architecting Business Intelligence Applications for Change: The Open Solution

LIVE Nov 12, 2009 02:00 PM ET

Connecting to the Cloud with F5 and VMware VMotion
F5 and VMware partner to enable live application and storage migrations between datacenters and clouds, over short or long distances.

Data Protection is not an insurance policy -you cannot buy-back lost data
Find out why you need to maintain access to critical information to run your business and remain competitive.

SiliconFS - The BlueArc Filesystem
Learn the power of the BlueArc family of products to enterprise storage management features, providing real value for its customers.

Strategic ECM Webinar
Learn what new strategic business benefits can be realized through ECM!

Enabling Enterprise Class Features for the Mid-Range
Learn how BlueArc's new storage platform, BlueArc Mercury™, scales in fixed increments that make it easy to install and deploy, scales up to...

Rethinking Business Continuity and High Availability in Storage - HP and Forrester Pre-Recorded Webcast
Download it.

Tabor Research: NFS Evolution Changes the Landscape of HPC Data Management
A hybrid file system combining the benefits of standard NFS and the performance and scale of parallel file systems.

5 Architecture Issues that Impact BES performance
Register to attend this LIVE Webinar to learn 5 Architecture Issues that Impact BES performance!

Intelligent Tiered Storage: BlueArc's Implementation
This ESG White Paper discusses the importance of tiered storage, examines BlueArc's approach to intelligent tiering, and shows how it creates operational value...

Four Principles for Reducing Storage TCO
View cost reduction strategies in this video! Provided by Hitachi Data Systems.

All White Papers | All Webcasts