EMC to acquire Pi Corp. of Seattle

Data storage vendor EMC Corp. today agreed to acquire Pi Corp., a privately held developer of software and services to help individuals sort through and share increasing volumes of data.

EMC, of Hopkinton, hopes the deal will expand its presence in the emerging field of ‘‘cloud computing,’’ a term for technology that allows computers to work across large pools of shared systems, rather than on local machines or remote server farms.

EMC did not disclose how much it will pay for Pi.

The four-year-old firm and its staff of about 100 engineers will operate as an independent EMC subsidiary, and continue expanding in its Seattle headquarters and offices in Bangalore, India, and Montreal, the companies said.

Pi is testing its first products.

‘‘As the leading provider of information infrastructure, we are positioned to set a new standard for organizing, accessing, and deriving value from this information,’’ said Joe Tucci, EMC’s chief executive.

Pi’s founder and chief executive, Paul Maritz, will be president and general manager of EMC’s newly formed Cloud Infrastructure and Services Division. He spent 14 years with Microsoft Corp.
(AP)