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EMC to Acquire Parts of Zettapoint to Increase Software Portfolio

EMC has moved to acquire parts of database software maker Zettapoint to boost its software portfolio.

The company, which essentially makes storage technology both virtual and physical, has been making acquisitions to strengthen its software portfolio related to database and information management.

According to Israel based news service Globes, which first broke the news, EMC failed to give the financial details of the acquisition, but sources claim the company paid close to $10 million to acquire some of the Zettapoint assets and talent.

“EMC has acquired some of the assets of Zettapoint and has hired some of its employees. This is another example of EMC's ongoing approach to investing in or acquiring interesting technologies,” an EMC spokesperson said in an emailed statement.

Zettapoint provides storage management and database management tools, which might be useful for EMC as it hopes to forge a deep database partnership with enterprise software maker Oracle.

EMC already had a healthy working relationship with Zettapoint even before the acquisition. Zettpoint has also worked with Oracle in the past and is a member of Oracle’s partner network.