EMC, VMware to merge data and cloud app assets into new group

(Reuters) – EMC Corp, the world’s leading maker of corporate data storage equipment, and its publicly-traded subsidiary, software maker VMware Inc, are planning to merge their data analytics and cloud application assets, EMC said on its website. EMC said on Tuesday the companies expect to combine a number of divisions into the new group – called the Pivotal Initiative – by the second quarter of 2013 and said the specific operational structure will be determined then. Paul Maritz, EMC’s Chief Strategy Officer, will head the group, EMC said. An EMC spokeswoman declined to elaborate on the plans. …

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