EMC Corporation, a world leader in information storage and management, announced that it has completed the acquisition of SMARTS, a privately held technology leader in event automation and real-time network systems management software. Under the terms of the acquisition agreement announced on December 21, 2004, EMC acquired SMARTS for approximately $260 million in cash, subject to certain post-closing adjustments.
In addition to expanding SMARTS' current network systems management market presence, EMC plans to apply the world-class SMARTS modeling, correlation and root cause analysis technology to expand its lead in information and storage management.
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