EMC to Acquire Softworks
- By Scott Bekker
In a move to corner the market in storage management software, EMC Corp. has
announced plans to acquire Softworks, Inc. Softworks (www.softworks.com
) is a provider of
enterprise data, storage, and performance management software, and its products
will complement EMC's (www.emc.com
) stable of
storage management offerings.
EMC will offer to purchase all outstanding shares of Softworks stock, and
the offer will commence no later than December 28. The acquisition has been
approved by both companies' boards of directors, and is expected to be
completed by the first quarter of 2000.
Mike Ruettgers, EMC President and CEO, said, "Softworks' products are
key enablers for customers in both mainframe and open systems environments. We
believe Softworks' knowledge and experience will accelerate EMC's time to
market in several new and emerging areas of storage management software."
Softworks' products improve the management, performance, and integrity of
critical corporate information across Windows NT, Unix, OS/390, and MVS
platforms. Softworks is a member of the FibreAlliance (www.fibrealliance.com), an open
industry consortium developing standards for managing storage area networks
(SANs), and the EMC E-Infostructure Developers program. -- Isaac Slepner
Scott Bekker is editor in chief of Redmond Channel Partner magazine.