Microsoft’s cloud computing team will not be happy to learn about this: Paul Maritz, former senior executive at Microsoft, is to become president of EMC‘s cloud computing initiative, which competes directly with the Redmond-based software giant.
Maritz is rejoining the corporate world after seven years of dabbling in startups and philanthropy, now that his company Pi Corporation, a Seattle-based information management provider, has been acquired by EMC. The 100-person company will continue to operate as a standalone entity, similar to the way EMC lets VMWare run independently.
When the deal is finalized, Maritz will become president and general manager of EMC’s new Cloud Infrastructure and Services Division reporting to CEO Joe Tucci.The release reads:
“He will continue to directly oversee development and operations for Pi, along with other key elements of EMC’s cloud computing strategy, which include the EMC Fortress SaaS infrastructure, the Mozy online backup service and other upcoming EMC cloud infrastructure systems and software offerings under development.”
EMC wouldn’t say how much it paid in the all-cash deal, but said it should be done within the first quarter of 2008 and will “be dilutive by $.01 per diluted share in 2008.”
[Source: The Seattle Times]
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[…] deal is part of a larger services-oriented trend at EMC. The storage giant a few weeks ago named former Microsoft executive Paul Maritz to head its cloud computing initiatives. And EMC has also launched online storage services based on an earlier acquisition.Terms of the […]
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