EMC Corporation is set to buy privately-held Virtustream for $1.2 billion to boost its managed cloud services business.
The addition of Virtustream enables EMC to offer a comprehensive hybrid cloud portfolio that can support all applications, workloads and cloud models.
Virtustream CEO Rodney Rogers will report to Joe Tucci, EMC Chairman and CEO.
Financial details of Virtustream were not disclosed.
“With Virtustream in place, EMC will be uniquely positioned as a single source for our customers’ entire hybrid cloud infrastructure and services needs,” said Joe Tucci.
Virtustream customers include enterprises such as Coca-Cola Company, Domino Sugar, Heinz, Hess, Kawasaki, Lexmark, Scotts Miracle-Gro, among others.
Virtustream’s cloud software and Infrastructure-as-a-Service portfolio will be delivered directly to customers and through partners. EMC Federation service provider partners will receive access to Virtustream’s xStream cloud management software platform and be enabled to adopt and deliver their own branded services based upon it.
Presently EMC provides the Federation Enterprise Hybrid Cloud Solution, an on-premise private cloud offering. Virtustream brings to the EMC portfolio a managed cloud software and services capability — whether on or off premise — which EMC intends to incorporate into the Federation Enterprise Hybrid Cloud Solution.