SME marketplace
EMC aims at SMB space with Dantz purchase

EMC buys Dantz in $50m deal

Company says purchase is key in quest for SMB market

Written by Emma Nash

Storage vendor EMC has acquired backup and recovery vendor Dantz Corporation in a $50m cash deal.

EMC says the addition of Dantz to its portfolio will prove significant in its quest to move into the small and mid-sized storage software sector.

EMC has been adopting an aggressive acquisition strategy since it made the decision to get into storage software, expanding away from its traditional storage hardware business.

Dantz is the 15th company EMC has acquired since 2000.

'Dantz is a strategic acquisition in line with EMC's strategy to extend our reach and focus on the fast-growing SMB market of next generation high growth customers,' said Dave DeWalt, executive vice president, of EMC's software group.

'While the majority of EMC's offerings to date have been targeted at the enterprise and commercial markets, Dantz represents EMC's first major SMB software entry with purpose-built products targeted specifically to the needs of SMB customers, ' he said.

Dantz will continue to operate from its offices in California, and the company's chief executive, Larry Zulch , will report to DeWalt and Mark Lewis , co-leaders of the EMC Software Group.

Advertisement

Enjoyed this article? Help spread the word:

Comments

White papers

Related jobs

More Accounting jobs

Spotlight

Management Consultancy Top 75

21st annual survey shows another £1bn on revenues

bryan clark, chief information officer at kpmg europe

Profile: Bryan Clark, chief information officer at KPMG Europe

Getting the right infrastructure is instrumental in consolidating KPMG’s European...

Apprentices, Arnie and Archos in the latest YP

September issue of Young Professional appraises the year for our...

Find your next job

Find your next job

Advertisement

Salary Checker

Newsletters

Sign up here for the very latest news delivered to your inbox. Choose from the following options:

Search white papers

Search white papers

Advertisement

Have your say

Should fair value accounting be suspended in the wake of the market crisis?
Yes, it's a big part of the problem
No, don't shoot the messenger

Job of the week

More finance jobs

Advertisement

Your next job