EMC buys Montreal-based Watch4Net Solutions
EMC Corp., one of the world's largest makers of data-storage computers, said Thursday that it had agreed to buy performance management software company Watch4Net Solutions Inc.
Hopkinton, Mass.-based EMC did not disclose the specific terms of the all-cash deal, which is not expected to significantly affect EMC's fiscal 2012 earnings.
Montreal-based Watch4net, which has partnered with EMC for the past seven years, makes software that provides real-time, historical and projected visibility into network, data center and cloud infrastructure performance, EMC said.
Michel Foix, Watch4net's chief executive, will remain with the company and report to Jay Mastaj, senior vice president and general manager of EMC's infrastructure management group, EMC said.
EMC shares fell 42 cents, or 1.7 percent, to $23.61 in morning trading. They are down 21 percent from their 52-week high of $30 in late March.