EMC BigData Acquisition Budget: $3 Billion
Bloomberg reports on EMC’s planned budget for acquisitions in the BigData market:
EMC Corp. may spend about $3 billion on acquisitions this year, keeping pace with last year’s tally, to add businesses that can help corporate customers analyze reams of data, Chief Operating Officer Pat Gelsinger said.
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EMC says it spent $3.2 billion last year on acquisitions including Isilon Systems Inc. and Greenplum Inc. to gain products that let its customers store and analyze a vast and rapid onslaught of data from business applications and the Web. EMC may spend about that much again in 2011 as it races Oracle Corp. (ORCL), International Business Machines Corp., Hewlett-Packard Co. (HPQ) and SAP AG (SAP) to offer more robust data-analysis products.
EMC joins HP which has also directly[1] and indirectly announced its plans for acquisitions in the BigData market.
On the other hand, can you imagine how much could be done for the community driven NoSQL databases with only 1-2% of this budget?
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Earlier this year, HP acquired Vertica. ↩
Original title and link: EMC BigData Acquisition Budget: $3 Billion (NoSQL databases © myNoSQL)
