The new company will be jointly owned by both EMC and VMware, and will include technologies from both parents as well as VCE.
EMC and VMware are creating a new jointly owned hybrid cloud company that will be based on the Virtustream business the storage giant acquired earlier this year and will incorporate other technologies from both of the parent companies. EMC and VMware officials announced the new companyâwhich will carry the Virtustream brandâOct. 20 during the releases of their respective quarterly earnings. The new business will be added to the list of companiesâwhich include VMware, RSA, VCE and Pivotalâthat make up EMC's federation.