SNW - EMC to buy Avamar for $165M

02.11.2006

Avamar had already made agreements with EMC and announced in late July that it was signing similar agreements with Hitachi Data Systems Corp. and Sun Microsystems Inc. Diligent has a reseller agreement with Hitachi.

EMC CEO Joe Tucci said as recently as last month that EMC would pause its buying spree of the past three years to better consolidate business processes around the more than 21 acquisitions it had already made. That consolidation would include the layoff of up to . However, he also said the company might make small "tuck-in" acquisitions geared toward a specific technology.