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EMC to Acquire Pi

HOPKINTON, Mass. and SEATTLE, Wash. -- EMC Corporation, the
world leader in information infrastructure solutions, today announced it has
signed a definitive agreement to acquire Seattle-based Pi Corporation, a
privately-held developer of software and provider of services for personal
information management. With approximately 100 engineers located in the
U.S., Canada and India, Pi develops software and online services to enable
individuals to control how they find, access, share and protect their
increasing volumes of digital information. Pi is in the process of beta
testing its first products.

Joe Tucci, EMC President, Chairman and CEO, said, "The proliferation
of information in the hands of consumers, businesses and organizations of
all sizes has brought about massive digital information growth on a scale
never imagined. As the leading provider of information infrastructure, we
are positioned to set a new standard for organizing, accessing and deriving
value from this information. Pi's technology is very complementary to our
emerging cloud infrastructure strategy. Paul Maritz and his team will
provide invaluable vision and leadership as we position EMC at the leading
edge of cloud computing and personal information management."

EMC Corp.