EMC to Acquire Iomega

Peter Cohen, Macworld.com

Tuesday, April 08, 2008 2:50 PM PDT

EMC on Tuesday announced that it will acquire storage peripheral maker Iomega in a deal valued at US$213 million, or about $3.85 per share for Iomega's stockholders. The deal is expected to be complete by the end of the second calendar quarter of 2008.

EMC bills itself as a provider of "information infrastructure" products. The company offers both hardware and software to help businesses manage information. EMC-owned brands include Retrospect, the networking backup and archive software originally developed by Dantz.

Iomega's products include data storage peripherals, Network Attached Storage (NAS) systems, Zip drives, REV hard drives, managed security services and data recovery services.

EMC Chairman, President and CEO Joe Tucci said in a statement that his company's acquisition of Iomega will be a key part of its strategy to expand into the consumer and small business markets.

"Iomega and EMC represent a powerful combination that ultimately will benefit these customers through the protection, security and simplified management of their rapidly growing information," said Tucci.

Iomega's acquisition will create a new Consumer/Small Business Products division within EMC to be led by Iomega's current CEO, Jonathan Huberman. That division will also include Retrospect and LifeLink software.

Sponsored Resource:Are you ready for virtualization? Try the sever assessment tool.
Sponsored Resource:Stay at home servers. Learn more about a home server for your family.
Sponsored Resource:Get the communications, data, and security a business needs in one neat package. Learn more.
Sponsored Resource:Learn more about ultra light notebooks from Asus and the best warranty in the industry.
Sponsored Resource:Thinking about a new Laptop? Lenovo has models to meet everyone's needs.
Sponsored Resource:Get the truth about remanufactured ink. Learn more from HP.
Sponsored Resource:Six smart ways to grow small business IT

Recommend this story?
Vote Yes
Vote No
0 Yes
0 No
Email
Comment

Community Comments

News For Your Business

More News

PC World's Marketplace

PC World's Free Whitepapers

Tech Industry News

Software / Services - July 25, 2008
Microsoft Bolsters Ruby Efforts Company unveiling initiatives accommodating popular language.
Productivity - July 25, 2008
14 Common Project Management Mistakes Nearly 70 percent of IT projects are dogged by cost-overruns or aren't completed on schedule due to poor planning, poor communication or poor resource allocation. This story assess the impact of the 14 most common project management mistakes and offers ways IT groups can avoid them.
Web-based Applications - July 25, 2008
SharePoint Helps Insurer Avoid Risks Allied North America, an insurer for construction firms, says its customer portal built using Microsoft SharePoint helps track construction site activities and analyze data to reduce risks for its clients.
Productivity - July 25, 2008
Three Keys to Getting Projects Under Control, Part 2 Idea clarity is key: Know exactly what you are trying to accomplish. You know you "have an idea" when you can answer the questions Where are you going? How are you going to get there? What will it cost? What is the payoff?

Latest Expert Blogs

Glenn Fleishman on Hardware - July 23, 2008 10:33 AM
DNS Dot Bomb: Update Your Nameservers If you even suspect you have a DNS nameserver running in your company, it's critical you patch it immediately.
Neil McAllister on Software - July 24, 2008 3:25 PM
Zimbra Desktop Takes Web Mail Offline The latest beta of Yahoo's hybrid e-mail client enables offline access to Web-based and traditional messaging systems.
Erik Larkin on the Web - July 25, 2008 12:39 PM
The Death of DRM As Yahoo says it will shut down the servers that allow transferring its DRM music, Britain considers a move that would green light unfettered music downloads for a yearly tax.

All Blogs

Featured Resources

Premier Content From Our Sponsors

Cisco Small Business Center Does your network give your business an advantage? Click here to find out...
Microsoft Servers Center Work from home? Find out how the Windows Home Server can help you.