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History 2000: EMC Scores Crosstor

In $300 million deal

EMC and Crosstor Software had already been working together for a long time to finalize EMC’s latest NAS offering, the IP4700 or Chameleon.

The nuts and bolts of the software, sometimes referred to as NOS (NAS OS), which operates under the VxWorks real-time environment, was written by Crosstor, which boasted other clients besides EMC, including HP and Connex.

EMC, however, has decided the product was strategic enough (and its own pockets deep enough) to warrant the flat-out acquisition of Crosstor (formerly known as Programmed Logic). Nobody said it wouldn’t cost them: the Hopkinton, MA-based manufacturer paid approximately $300 million in stock.

This article is an abstract of news published on issue 155 on December 2000 from the former paper version of Computer Data Storage Newsletter.

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