EMC Corp is in talks to purchase data storage equipment maker Isilon for more than $2 billion.
According to The New York Post, a source close to the matter revealed that the deal will be completed by the end of the year.
Isilon makes clustered storage technology which combines software with cheap storage servers to offer storage systems capable of handling large files. The company's products are used by large media organisations looking to store a vast amount of video files at a low cost.
EMC is already a market leader when it comes to external storage technology and the acquisition will give it an edge over rivals such as IBM and HP.
Isilon has been up for grabs for a while now, but it is reported that a number of tech giants have not shown much interest in such a deal.
The NY Post also reported that Isilon had hired Qatalyst Group to advise it through the acquisition process.