EMC storms the IT security market with purchases of RSA and Network Intelligence
Move a clear sign of CEO Joe Tucci’s desire to control the data storage sector; company paid $2.1 billion for RSA Security, $175 million for Network Intelligence
Joe Tucci, chief executive of Hopkinton, Massachusetts-based EMC, is on a tear these days. The ink was hardly dry on his data storage company’s $2.1 billion acquisition of RSA Security and he had already announced another big purchase: a $175 million deal for Network Intelligence. Both companies produce products any large data security integrator would want. RSA is a leader in managing online identities and assets with encryption and key management software. Network Intelligence, for its part, boasts a talented ability to collect and analyze security events in real time within a network. EMC also recently purchased VMware, a software company that permits companies to distribute computing across networks.
-read more in Kevin Allison’s Financial Times report
