These days, EMC looks a little like the Energizer Bunny—it keeps going, and going, and going—seemingly unstoppable.
Despite criticism from some of its investors and from industry analysts, EMC continues to keep the acquisitions coming. The Hopkinton, Mass., data storage and IT infrastructure giant has swallowed so many companies (31) over the past five years that it has its own mergers and acquisitions news Web page.
It’s all part of the plan, according to EMC’s stated acquisition strategy. In a briefing last June, EMC Chief Financial Officer Bill Tueber explained that the Hopkinton, Mass., company’s acquisition framework focuses on expanding its core business, entering fast-growing markets and rounding out current offerings.
EMC typically acquires younger, growing companies that are not yet fully profitable. If a company fits that mold, EMC executives then look at several other factors to determine whether it would make a valuable acquisition. First, it must fit into one of the company’s areas of focus—IT, back office/transaction processing, information storage products and platform-based software, the EMC Software Group and VMware.
Read the full story on eWEEK.com: EMC Acquires Its Way to Juggernaut Status
