EMC Acquires Luminate Software.
Business/Technology Editors
HOPKINTON, Mass.--(BUSINESS WIRE)--Sept. 20, 2001
EMC Corporation (NYSE:EMC) today announced it has acquired Luminate Software Corporation, a privately held software company based in Redwood City, California, in a cash transaction valued at approximately $50 million. Luminate develops performance monitoring software for storage-intensive applications and operating environments. Luminate is the seventh software acquisition EMC has made in the last 20 months.
About EMC
EMC Corporation is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC's products and services can be found at www.EMC.com.
EMC is a registered trademark and Luminate is a trademark of EMC Corporation. Other trademarks are the property of their respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in economic conditions in various geographic markets and fluctuating currency exchange rates; (ii) an unexpected decline in the revenue growth rate without a corresponding decline in costs; (iii) competitive factors, including but not limited to pricing pressures, in the computer storage and server markets; (iv) component quality and availability; (v) rapid technological and market change and the transition to new products; (vi) the relative and varying rates of product price and component cost declines; (vii) the ability to attract and retain highly qualified employees; (viii) the uneven pattern of quarterly sales; (ix) risks associated with strategic investments and acquisitions; (x) the Company's ability to execute on its plans; and (xi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission.
HOPKINTON, Mass.--(BUSINESS WIRE)--Sept. 20, 2001
EMC Corporation (NYSE:EMC) today announced it has acquired Luminate Software Corporation, a privately held software company based in Redwood City, California, in a cash transaction valued at approximately $50 million. Luminate develops performance monitoring software for storage-intensive applications and operating environments. Luminate is the seventh software acquisition EMC has made in the last 20 months.
About EMC
EMC Corporation is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC's products and services can be found at www.EMC.com.
EMC is a registered trademark and Luminate is a trademark of EMC Corporation. Other trademarks are the property of their respective owners.
This release contains "forward-looking statements" as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in economic conditions in various geographic markets and fluctuating currency exchange rates; (ii) an unexpected decline in the revenue growth rate without a corresponding decline in costs; (iii) competitive factors, including but not limited to pricing pressures, in the computer storage and server markets; (iv) component quality and availability; (v) rapid technological and market change and the transition to new products; (vi) the relative and varying rates of product price and component cost declines; (vii) the ability to attract and retain highly qualified employees; (viii) the uneven pattern of quarterly sales; (ix) risks associated with strategic investments and acquisitions; (x) the Company's ability to execute on its plans; and (xi) other one-time events and other important factors disclosed previously and from time to time in EMC's filings with the U.S. Securities and Exchange Commission.
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| Publication: | Business Wire |
|---|---|
| Date: | Sep 20, 2001 |
| Words: | 299 |
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