EMC Buys Iomega

EMC has finally closed the Iomega acquisition. Erick Schonfeld at TechCrunch has an insightful statement...

"Perhaps EMC could combine Iomega with Mozy, an online storage service it bought last year for $76 million. The trend in consumer storage, as with consumer software, is to offer both online and offline capabilities."

When one company owns everything from the external USB disk drive through online backup, and a suite of services for sharing in between, then we should be backing up more often, transferring data more often, and someone will be profiting more often.

One more example of EMC's current have-no-fear acquisition strategy.