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Cisco Systems to form joint venture with EMC Corporation

Sep 02, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Companies: Cisco Systems, Inc. (CSCO), EMC Corp. (EMC)

Cisco Systems, Inc., a designer and manufacturer of communications, network, and information technology related products, has agreed to form a joint venture with EMC Corporation to develop an integrated data center platform for computing, networking and storage. Both the companies are based in the US.

EMC is a provider of products, services and solutions for information management and storage.

Following the transaction, the joint venture will be a separate company funded by both Cisco and EMC. 

Deal Type    Partnership
Sub-Category Joint Venture
Deal Status  Announced: 2009-09-01

Deal Participants 

Partner 1 (Company) EMC Corporation
Partner 2 (Company) Cisco Systems, Inc.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Companies: Cisco Systems, Inc. (CSCO), EMC Corp. (EMC)


Related terms: communications, information technology, joint venture, knowledge management, manufacturer, networking, partnership, products

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