Virtustream acquired by EMC for $1.2 billion
Clients SAP SE
Jones Day advised SAP SE, a major shareholder in privately held Virtustream, in the acquisition of Virtustream by EMC Corporation for $1.2 billion. The acquisition represents a transformational element of EMC's strategy to help customers move all applications to cloud-based IT environments. With the addition of Virtustream, EMC completes the industry's most comprehensive hybrid cloud portfolio to support all applications, all workloads, and all cloud models.