Storage Vendor EMC Buys Iomega
Category: Storage / Hard DrivesPosted: April 9, 2008 07:22AM
Author: Nemo
Rumors had been circulating recently on whether this deal was in the works and today EMC announced the deal valued at $213 million in cash. EMC, a well-known storage vendor in the enterprise market, now has a vehicle to expand into the consumer and small business arena. EMC plans to make Iomega the core of a new business unit focusing on the consumer and SMB markets. Iomega is best known for its popular line of Zip and Rev storage devices and was an early pioneer of removable storage drives.
