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United States : EMC To Acquire DSSD, Inc., Extends Flash Storage Leadership [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) EMC Corporation today announced it has entered into a definitive agreement to acquire privately-held DSSD, Inc. Menlo Park-based DSSD is the developer of an innovative new rack-scale flash storage architecture for I/O-intensive in-memory databases and Big Data workloads like SAP HANA and Hadoop. The transaction is expected to close in the second quarter of 2014, subject to customary closing conditions. Financial terms were not disclosed. The transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2014 fiscal year. Menlo Park-based DSSD will operate as a standalone unit within EMC's Emerging Technology Products Division reporting to Chirantan C.J. Desai. DSSD President and CEO Bill Moore, formerly Sun Microsystems' Chief Storage Engineer, ZFS co-lead and 3Par's first employee, will lead the DSSD business within EMC. Andy Bechtolsheim, who is also Chairman and Chief Development Officer of Arista Networks, and formerly a co-founder of Sun Microsystems, will serve as DSSD 's strategic advisor. Cracking the Code As customers take advantage of the mega trends of social, mobile, cloud and Big Data, it will become critical to store and analyze the vast amounts of data that do not fit into main memory. Having assembled one of the most accomplished systems and storage engineering teams in Silicon Valley, DSSD has cracked the code on this dilemma. Andy Bechtolsheim said, The prospects of what EMC and DSSD can achieve together are truly remarkable. We ventured out to create a new storage tier for transactional and Big Data applications that have the highest performance I/O requirements. Working together with EMC, DSSD will deliver a new type of storage system with game-changing latency, IOPS and bandwidth characteristics while offering the operational efficiency of shared storage. David Goulden, CEO of EMC Information Infrastructure, said, EMC established a relationship with DSSD more than a year ago. EMC led the Series A investment in DSSD and has remained an active development partner. We're now thrilled to be joining forces with Andy, Bill and the entire DSSD team. While flash stands among IT's most disruptive technologies, its impact and opportunity will become even more pronounced as customers enter the 3rd Platform of IT. Products based on the new DSSD rack-scale flash storage architecture are expected to be available in 2015 and will be optimized for: In-memory databases (e.g. SAP HANA, GemFire, etc.). Real-time analytics (e.g. risk management, fraud detection, high-frequency applications, Pivotal HD, etc.). High-performance applications used by research and government agencies (e.g. genomics, facial recognition, climate analysis, etc.). (c) 2014 Euclid Infotech Pvt. Ltd. Provided by Syndigate.info, an Albawaba.com company |