EMC to buy Smarts for £135m

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EMC to buy Smarts for £135m

EMC is buying privately held System Management ARTS, known as Smarts, in a £135m deal that will boost EMC's software portfolio and management capabilities.

Smarts is known for its InCharge real-time network systems management software and  EMC said Smarts products would enable EMC storage management software to correlate, determine root-cause problems, and present action plans for critical problems in storage networks.

"The acquisition is about market expansion, innovative technology, and growth, Joe Tucci, CEO of EMC, said. "EMC is committed to dedicating the resources required to expand Smarts' current market presence, while also applying their world-class modeling, correlation and root-cause analysis technology to expand our lead in information and storage management," he said.

The deal extends EMC's reach into the market for storage networks used to create pools of data storage to more efficiently handle storage and retrieval of corporate data. In the past couple of years EMC has added to software to its portfolio. In October 2003, for instance, EMC purchased Legato Systems for $1.37bn. It recently acquired data storage company Documentum for $1.48bn and software maker VMware for $625m.

EMC has not been the only one in acquisition mode in the storage software market. Last week Symantec Corp. purchased Veritas for $13.5bn.

EMC's latest acquisition is expected to be completed in the 2005 first quarter and is not expected to have a material impact to earnings per share for the 2005 fiscal year, EMC said.

Bob Francis writes for InfoWorld


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