The deal, valued at $300 million, was a purely stock
transaction. EMC issued shares in exchange for capital interests in CrosStor. EMC
stock rose 1.94 to 91.00 on the news.
An EMC spokesman said that EMC valued the abilities of
CrosStor’s developers, but had not current plans for releasing CrosStor
products to market. CrosStor technology would be most immediately useful in
EMC's line of Network Attached Storage products. – Christopher McConnell
About the Author
Scott Bekker is editor in chief of Redmond Channel Partner magazine.
Microsoft was ordered to pay $20 million and take measures to assure child privacy under the terms of the Children's Online Privacy Protection Act (COPPA), per a Monday U.S. Federal Trade Commission (FTC) announcement.
Microsoft 365 services, including Exchange Online and the Outlook on the Web App, were disrupted on Monday, June 5 due to a problematic Microsoft service update.
Microsoft is ending support for Cortana -- the company's voice-activated virtual assistant -- in Windows 10 and 11.
Here's how to set up your own developer account (no, you don't need to be a developer to take advantage of it).
Microsoft on Thursday announced new and updated features coming to its free version of Teams, including integration with its AI Designer tool.
More Tech Library