EMC to acquire data management company

Storage giant EMC announced plans Wednesday to acquire Avamar Technologies in a $165 million cash deal, furthering EMC's efforts in the data retrieval and retention arena.

Avamar, a privately held company based in Irvine, Calif., will be integrated into EMC's storage product operations. The 7-year-old company develops software designed to remove redundancies in data before it is backed up to disk.
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