EMC Acquires Part Of Information Management Tech Provider Zettapoint7:34 PM EST Mon. Oct. 03, 2011
EMC has acquired part of Zettapoint, a provider of storage management, tiering, and database management software that could bring the storage vendor into a closer relationship with Oracle.
The acquisition is valued at $10 million, according to the Israel-based news service Globes, which first broke the news.
EMC declined to comment on the purchase other than to confirm it in an e-mailed statement which read, "EMC has acquired some of the assets of Zettapoint and has hired some of its employees. This is another example of EMC's ongoing approach to investing in or acquiring interesting technologies."
Zettapoint provides several solutions targeting the ability to classify data and manage data across multiple tiers of storage.
Those solutions include storage management software for determining which data to move to high-performance, low-cost disk, or archive tiers; classifying data by actual business usage and value for placing on the appropriate storage tier; keeping the most valuable data available for immediate use; optimizing data for business intelligence; identifying dormant data in databases; and assessing data for use in Oracle databases.
The acquisition is in line with EMC's strategy to be a major provider of technology for helping customers better manage "big data," or data which scales to multiple petabytes of capacity and is created or collected, is stored, and is collaborative in real time. Big data typically consists of unstructured data, which includes text, audio and video files, photographs, and other data which is not easy to handle using traditional database management tools
The acquisition of Zettapoint will likely lead to a closer relationship between EMC and Oracle.
Zettapoint is a close technology partner of Oracle. Zettapoint is a member of the Oracle Partner Network, and all Zettapoint’s products are Oracle-compliant.
News of the acquisition of the Zettapoint assets came on the same day that EMC Chairman and CEO Joe Tucci and EMC COO of Information Infrastructure Products Pat Gelsinger delivered a keynote presentation at Oracle OpenWorld.