Tech company EMC, which acquired enterprise content management company Documentum in 2003, is reportedly buying open source software firm SourceLabs which may help make it a major player in the open source community.
One theory by Jason Campbell, writing for CMSWiRE, is that EMC is looking to increase its internet-based development capabilities.
"It could also be that EMC wants to fortify its cloud computing business," writes Campbell. "With EMC being such a big storage player, its cloud storage strategy includes two offerings – for the small-business marketing and for large companies that need the infrastructure for scale in a big fashion."
However, Campbell says that SpikeSource, one of SourceLabs” major competitors is actually a stronger company although a small player in the enterprise content management market.
In other EMC news, the company announced a restructuring deal today that will cut 2,400 jobs in addition to freezing salaries for all employees.
Steve Duplessie, senior analyst at the Milford research firm Enterprise Strategy Group told the Boston Globe that the EMC cuts are not the result of decreased demand for products and expects the company to post double digit growth in 2009 despite the poor economy.