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EMC Continues Shift To Cloud With $1.2B Virtustream Purchase

Cloud in the middle of a circuit board. EMC announced this morning that it had purchased Virtustream, a cloud management firm, for $1.2 billion. The company has indicated it will incorporate Virtustream as the company’s newly formed cloud managed services business. Virtustream, which launched in 2008 has raised of $129 million since its inception. A billion dollar exit on that kind of raise is not too shabby, and it gives… Read More

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