EMC Corp. (NYSE: EMC)
added another software company to its roster today when it closed the acquisition of Dantz Development Corp., which sells backup and recovery software for SMBs.
EMC paid less than $50 million for the 20-year-old private company in a cash transaction. Byte and Switch reported last Thursday that EMC was negotiating to acquire Dantz.
Dantz is EMC's 15th software acquisition since 2000, but a relatively small one compared to the purchases of Legato, Documentum, and VMware last year (see EMC Swings Into Software Big Leagues and EMC Gobbles VMware). Those three cost EMC more than $3 billion and helped establish it as more than just a hardware company.
Dantz's 80 employees will join the EMC Software Group while continuing to work out of Walnut Creek, Calif. Dantz CEO Larry Zulch will report to Dave DeWalt and Mark Lewis, EVPs of the EMC Software Group.
Dantz's backup software fills a role for EMC as it tries to move into the SMB space, considered fertile ground for networked storage. Last May, EMC jumped into the SMB storage market with the $6,000 AX100 system and a Windows-based NAS offering (see EMC, Dell Get Small With SATA and EMC Joins Rush to Windows NAS).
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