EMC Plans To Make Further Acquisitions
Thursday, 27 April 2006 by Michel Roth
The CEO of storage giant EMC, which employs 1,400 people in Cork, has revealed that the company is planning to make further acquisitions and is on course to spending US$1.2bn on research and development (R&D) this year.. In the past three years the company has spent US$4.5bn acquiring 20 technology companies including Documentum, VMWare and Legato.
EMC chairman and CEO Joe Tucci told the company’s annual EMC world conference in Boston that the company intends to continue to ramp up the amount of investment it makes in R&D as well as acquire companies he believes will compliment its technology roadmap.

“Acquisition and development are central to our strategic approach. There are more acquisitions on the way. We intend to grow both organically and through acquisition,” Tucci concluded.

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