Maranti Has Sold Substantially All Of Its Assets To EMC2
EMC Corp. confirmed that it has acquired the intellectual property assets of intelligent switch startup Maranti Networks Inc., which analysts speculate could be put to use in the company’s switch-based virtualization product, Invista.
EMC launched Invista in May and has since announced 12 closely guarded beta customers. The product will be generally available this quarter for EMC rebranded intelligent switches from Brocade Communications Systems Inc. and Cisco Systems Inc. EMC was reluctant to share its motivation for the Maranti acquisition, which insiders said cost it around $5 million, but insisted it has no plans to enter the switch market.
“We have no intention of getting into the switch business … we have the right partners for this product and that’s a great business model for us,” said Mark Lewis, executive vice president and chief development officer at EMC. “We make a lot of intellectual property and patent acquisitions, and the technology could be applicable to the company in multiple places.”