EMC to Acquire Pi

HOPKINTON, Mass. and SEATTLE, Wash. -- EMC Corporation, theworld leader in information infrastructure solutions, today announced it hassigned a definitive agreement to acquire Seattle-based Pi Corporation, aprivately-held developer of software and provider of services for personalinformation management. With approximately 100 engineers located in theU.S., Canada and India, Pi develops software and online services to enableindividuals to control how they find, access, share and protect theirincreasing volumes of digital information. Pi is in the process of betatesting its first products.

Joe Tucci, EMC President, Chairman and CEO, said, "The proliferationof information in the hands of consumers, businesses and organizations ofall sizes has brought about massive digital information growth on a scalenever imagined. As the leading provider of information infrastructure, weare positioned to set a new standard for organizing, accessing and derivingvalue from this information. Pi's technology is very complementary to ouremerging cloud infrastructure strategy. Paul Maritz and his team willprovide invaluable vision and leadership as we position EMC at the leadingedge of cloud computing and personal information management."

EMC Corp.