agreed to acquire Rainfinity, a San Jose, Calif., maker of software for networked-attached storage and file system uses.
The acquisition of the privately held company is valued at less than $100 million. EMC expects to close the deal by the end of August.
EMC of Hopkinton, Mass., produces networked storage systems and storage software. Shares of EMC were down a penny to $13.21.
"Rainfinity is the industry's first standards-based solution available today that virtualizes Windows, Unix and Linux file systems, giving customers improved total cost of ownership across all of their heterogeneous NAS and file-server platforms," EMC explained Wednesday in a press release.