Domain Name and Internet news

Thursday, April 10, 2008

Asia Domain Name Registration Limited|domain name: EMC acquired the company Aimeijia

Asia Domain Name Registration Limited reports: Information infrastructure solutions(Domain Name) and the global leader in the field of EMC Corporation (NYSE: EMC), and client-oriented and small enterprise data storage and protection and the global leader in the field of Aimeijia (Iomega Corporation) (NYSE: IOM) announced today that the two sides have signed a definitive agreement, EMC will be 3.85 US dollars per share in cash (about 213 million US dollars), headquartered in San Diego Aimeijia outstanding shares to tender offer. Aimeijia product, brand, marketing, routes and the addition of industry expertise will strengthen the rapid development of the EMC consumers and small businesses influence on the market, as well as the concerns of the market.

EMC plans to begin within the next two weeks tender offer, is expected to be completed the second quarter of 2008, is subject to customary closing conditions and regulatory authorities reached approval. The acquisition is expected not to EMC for fiscal year 2008 financial results have a substantive impact.

EMC Chairman, President and CEO Joe Tucci said: "Aimeijia EMC will expand our information storage and management capabilities into rapid development of the consumer market and small businesses play an important role in the strategy. Addition to the industry leading-edge products and a family consumer brands, Aimeijia EMC also bring services to consumers and small businesses a deeper understanding and develop a good business operations. Aimeijia EM and the powerful combination of them will eventually be adopted Rapid growth of information protection, security and simplified management to benefit consumers. "

Aimeijia CEO Jonathan Huberman said: "Aimeijia as well as our customers, today opened an exciting, new future. Once the completion of the acquisition, Aimeijia EMC will be able to take full advantage of the tremendous asset in the further within the framework of the development of our global business. Aimeijia EMC to create a new, accelerated innovation opportunities, the opportunity to let his new product performance benefit Aimeijia broad customer base. Aimeijia of well-known brands, thousands of retail, direct marketing and distribution channel partners, as well as Aimeijia outstanding staff will enable EMC to expand its high-speed development in the consumer and small business market segments of the market. "

Upon completion of the acquisition, EMC Aimeijia will serve as a new consumer / small business the core of the productive sector. Jonathan Huberman will head the new department, and is responsible for EMC storage platform to the senior vice president and general manager Joel Schwartz visit. The new department will also include EMC's Retrospect (R) and EMC's LifeLine (TM) software platform. EMC plans to focus on Aimeijia institutions, brands, products and the advantages of partnership to build the department.(Asia Domain Name Registration Limited)

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