EMC buys database monitoring co More IT
Terms of the deal were not disclosed but market sources believe that EMC will pay $10-20 million for More IT.
Based in Bnei Brak, More IT Resources was founded in 2006 and last year Shachar Efal joined the company as an investor.
This is EMC's seventh acquisition in Israel. It bought storage systems company XtremIO for $430 million in May this year.
Published by Globes [online], Israel business news - www.globes-online.com - on December 2, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
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