Crunch time for EMC

EMC’s makeover shifts from acquisition to execution phase

By John S. Webster, Network World
July 16, 2007 12:09 AM ET

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Since 2003, when EMC launched its transformation from a simple hardware storage vendor to a multifaceted information-infrastructure provider, it has racked up 15 straight quarters of double-digit revenue growth and strong profits.

However, the company’s stock price has been essentially flat over that period, an indication that for Wall Street at least, the jury is still out on whether EMC can deliver on its grand vision of information management.

Customers and industry analysts agree that the company has made great strides over the past few years in laying out its strategy and in making key acquisitions aimed at filling out its portfolio.

Buying binge
Since 2003, EMC has spent an estimated $7B on acquisitions.

Date	Company	Technology	Price
June 2007	Verid	Identity services	n/a
November 2006	Avamar	Backup and recovery	$165M
September 2006	Network Intelligence	Security	$175M
September 2006	RSA Security	Security	$2.1B
June 2006	ProActivity	Business process management	n/a
June 2006	nLayers	Application discovery and mapping	n/a
June 2006	Akimbi Systems	Virtual capture and restore for VMware	n/a
May 2006	Interlink Group	Microsoft IT services	n/a
May 2006	Kashya	Replication and protection	$153M
April 2006	Authentica	Security	$75M
January 2006	Internosis	Microsoft IT services	n/a
December 2005	Captiva	Document capture	$275M
October 2005	Acartus	Content management	n/a
August 2005	Rainfinity	Network-attached storage file-virtualization	$100M
February 2005	Smarts	Event automation and real-time management	$260M
October 2004	Dantz Software Development	Backup and recovery	$50M
October 2004	Allocity	Backup, restore and provisioning for Microsoft exchange	$10M
April 2004	Astrum	Storage resource management	n/a
January 2004	VMware	File virtualization	$635M
December 2003	Documentum	Content management	$1.7B
October 2003	Legato Systems	Backup and archiving	$1.3B