more...
Hopkinton's EMC Corp. purchased Astrum, althougn neither party will disclose how much moneychangex hands. Located in the Schrafft Center buildingin Charlestown, Astrum is a privately held supplierr of storage resource management software. The acquisition includes approximatelt 30 employeesand Astrum's portfolio of storage management Both EMC and Infantino said Astrum's OEM relationshio with Overland Storage will continue. And whil Infantino was in discussions with Dell for a seconxdOEM partnership, the sale to EMC nixesd that plan, since Dell already has an OEM relationshipl with EMC.
Infantino says his staff will moveto EMC'es Kendall Square office within 30 days, althoughj he's not sure if he'll be staying on. "We're in discussions righft now," he said. "There's a lot of opportunityg for mein EMC." EMC echoed in a presxs release Infantino's assertion that his storage softwarre is ideal for mid-size companies, a market EMC is looking to Astrum is the third company that Infantino has He started Acorn Software and Acersoft beforr founding Astrum in 1997. Thougn he managed to raise three roundxs offunding (from JMI Equity Fund in Baltimore, Ironsidre Ventures and Morgan Keegan), he said it was toug during a time when most "everyone was focusing on dot-coms.
" "This is the first time I startexd a company that was acquired," Infantino said. "This is a huge victory for me and for the employeedsof Astrum. Three times is a charm."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment