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EMC 'Paying Too Much' for Smarts: Page 5 of 5

There's one group of people, though, that will be very happy with their resulting deals should the acquisition close as expected in the first quarter of 2005. Bessemer Venture Partners and Soros Private Equity Partners are Smarts's sole external investors, having pumped in just $25 million, less than 10 percent of the $260 million in cash offered by EMC.

Ray Le Maistre, International News Editor, Light Reading