EMC Corporation Acquires PI Corporation for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0bad9767-7d55-4397-a260-9a5b48f9687d&Preview=1
Date
2/21/2008
Company Name
PI Corporation
Mailing Address
615 Second Avenue Seattle, CA 98104
Company Description
PI is working on next generation software environment, that will allow users to create, repurpose, store, share and access personal information in novel ways. PI expects to release its software in both free (open source) and licensed forms.
Website
http://www.picorp.com
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
The acquisition of Pi will be an all-cash transaction and is expected to be completed in the first quarter of 2008. On a GAAP basis, EMC currently expects the acquisition of Pi will be dilutive by $.01 per diluted share in 2008. No further details of the transaction are being disclosed.