Data infrastructure provider EMC recently announced it will acquire storage systems company Isilon for roughly $2.3 billion.
Isilon specializes in scale-out network-attached storage systems. Through Isilon's services and EMC's Atmos, the companies will offer storage infrastructure for "Big Data" through highly scalable and inexpensive cloud solutions. "Big Data" describes data sets which are so large they exceed to processing capabilities of commonly used software.
The acquisition is expected to be completed later this year. By the second half of 2012, EMC said it anticipates the two storage services will generate revenues reaching $1 billion.
"Customers are looking for new ways to store, protect, secure and add intelligence to the vast amount of information they will accumulate over the next decade," said EMC CEO Joe Tucci. "EMC, in combination with Isilon, sits at the intersection of these trends with leading products, solutions and services to help customers get the absolute most out of what cloud computing has to offer."
This is EMC's second acquisition in the past week. On November 10, the company announced its acquisition of virtual tape library provider Bus-Tech.