Isilon Systems

History

On November 18, 2010 EMC announced signing of the final agreement on which it will purchase Isilon Systems company. Under the terms of the agreement EMC will pay 33.85 dollars for each stock Isilon, the total price of purchase will be about 2.25 bln. dollars less the existing balance of funds of Isilon.

In December, 2010 shareholders of Isilon put up for sale in total about 63,988,828 unprivileged stocks of the company, or about 95.5% of outstanding shares of Isilon. EMC together with 0.4% of outstanding shares of Isilon which it already owned earlier controls about 95.9% of outstanding shares of target company now. EMC hosts for payment all actions put up for sale according to this offer. Thus, EMC completed the second stage of merge and closes the transaction on Isilon acquisition. All remained outstanding shares of Isilon, except belonging to the Isilon, EMC or the relevant branches which are in its complete property and shareholders who acquire assessment rights according to the corporations law of Delaware, in the course of merge will be converted into the right of receiving 33.85 dollars for an action by cash.

The set of the solutions EMC Atmos and Isilon provides to customers creation of infrastructure of storage for management of "Big Data". The term "Big Data" is used at this time for designation of huge number of the data made by applications of new generation in such industries as sciences about life (for example, when sequencing genes), media and entertainments (on-line stream video), the oil and gas industry (interpretation of seismic data), etc.

The Scale-out NAS systems from Isilon allow to begin with small and, without interrupting work, to quickly scale a storage system to tens of petabytes at extremely high level of performance and availability. Object-oriented storage systems of EMC Atmos serve as addition to mass globally distributed environments with the object Isilon data access for such applications as Web 2.0 applications. Together Isilon and EMC Atmos provide to customers the complete infrastructure solution of storage for management of "Big Data" in the environment of a private or general cloud. EMC expects that in the second half of the year 2012 a total return from these two complementary offers of data storage will reach 1 bln. dollars.