The Outlook For Virtustream
Look for an update on EMC's Virtustream cloud services business and how it may fit into Dell's ecosystem. In January, EMC Chairman and CEO Joe Tucci said EMC had moved its cloud-based commercial object storage service business, as well as its managed services business, out of EMC Information Infrastructure and into Virtustream. The move made Virtustream, which EMC acquired about a year ago, a $100 million-a-quarter revenue generator focused on complex, mission-critical business applications. The move also signaled EMC's realization that Virtustream didn't need VMware as much as EMC thought it might. VMware, which is 81 percent owned by EMC, pulled out of a joint venture with EMC on Virtustream just before the reorganization.