EMC Chomps Conchango for $84M

EMC has announced plans to buy U.K. consulting company Conchango for $84 million in Hopkinton's latest attempt to bolster its global services business.

The storage vendor has offered 23.1 pence (46 cents) per Conchango share, valuing the deal at around $84 million. The acquisition, which is expected to close sometime this month, also has the support of the Conchango board and some 80 percent of the company's shareholders.

EMC said that the acquisition is not expected to have a material impact on EMC revenue or EPS for 2008.

Conchango, which is a Microsoft partner, has some 300 consultants dotted around Europe and has also worked with some of the region's largest organizations, such as U.K. retail giant Marks & Spencer, the Bank of Ireland, and the BBC.

The London-based consulting specialist works with big-name European users on a wide variety of custom-built applications, ranging from e-commerce platforms, business intelligence projects, and even cashless payment cards.