03 Aug 2011
EMC has quietly snapped up internet data delivery firm Asankya for an undisclosed sum in a move that could enhance its cloud computing offerings.
The storage firm is said to have confirmed the deal, but will not disclose more details. The acquisition was first reported by Incisive Media title Inside Market Data.
Asankya's staff, including chief executive Scott Ryan and chief technology officer Raghupathy Sivakumar, are also rumoured to have joined EMC.
Asankya's web site has been taken down, but the company recently released a Cloud Acceleration Network tool to remove bandwidth problems that can occur when moving interactive applications to the cloud.
The tool provides consistent high-speed performance for internet applications, enabling them to work around congestion and bottlenecks, which could well be of interest to EMC.
Asankya's RAPIDnet service, meanwhile, uses parallel networking to offer a 40 times performance improvement for internet applications, which could also be added to EMC's product offerings.
Specifically, the technology could benefit EMC's recently updated Atmos 2.0 cloud storage platform which promises improved efficiency, capacity and ease of use.
IDC storage analyst Ben Woo expects EMC to use the Asankya products to complement its virtual storage V-PLEX appliance.
"The purchase makes a lot of sense. EMC is focused on enabling information access. This acquisition accelerates that, and is highly consistent with its roadmap," he told V3.
Asankya was founded in 2003, and made a name for itself with the Hypermesh streaming network technology for rich media applications showcased at the Demo Conference in 2008.
Latest stories from Mergers
Related articles
Related jobs
Poll
Are you confident that the UK's IT infrastructure is secure from attack in the wake of the Flame malware revelations?
V3 examines the key strengths and weaknesses of Samsung's latest iPhone killer
Connect with V3.co.uk
Social networking is almost ubiquitous. This white paper examines the benefits and risks and it looks at the different ways companies can reconcile them
The importance of understanding your infrastructure
A Multi-national data analytic's and cloud computing...
A multi-national software solutions organisation are...
A multi-national software solution provider are looking...
Service Delivery Manager, Customer Service, PCT, Primary...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?