EMC Drops Up To $400M On Web Security Startup Silver Tail

Law360, New York (October 30, 2012, 3:45 PM EDT) -- Data storage company EMC Corp. will swallow up venture capital-backed Web fraud detection startup Silver Tail Systems, the buyer said Tuesday, fleshing out its security division in a deal reportedly worth as much as $400 million.

The companies did not name a purchase price, but the Wall Street Journal pegged it between $300 million and $400 million, citing unnamed sources with knowledge of the deal.

EMC said it expects to finalize the deal before the end of the fiscal year, though it will not have an...
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