EMC (EMC -2.6%) confirms its acquisition of Israel-based flash storage company XtremIO in an...

|By:, SA News Editor

EMC (EMC -2.6%) confirms its acquisition of Israel-based flash storage company XtremIO in an all-cash deal that will not have a material impact to FY 2012 financial results. Terms were not announced, but Globes reports the purchase price was $430M; previous reports discussed a range of $400M-$450M.