EMC Acquires NAS Virtualization Specialist Rainfinity

EMC said the acquisition, which it expects to close this month, is valued at less than $100 million. The 60 employees of Rainfinity will remain at the privately-held firm&'s facilities in San Jose, Calif.

An ECM spokesman said Rainfinity&'s virtualization software will enable users to easily move files among servers.

In another development, EMC said it had acquired the assets of storage switch maker Maranti Networks.