Storage giant EMC has announced that it is to acquire UK e-business consultancy Conchango for £42m.

Conchango employs more than 300 technology professionals and has UK and US clients in the retail, finance, media/entertainment and energy sectors, including B&Q, Barclays, Comet, The Daily Mail, HMV, Lloyds of London, M &S, Tesco and Virgin Mobile.

Conchango will become part of EMC's European Microsoft consulting practice within its Consulting & Solutions Integration Services organisation, giving EMC access to a total of almost 12,000 consultants and engineers on a global basis.