EMC Buys ID Manager Aveksa

EMC said Monday that it had bought privately held identity verification specialist Aveksa for its RSA authentication unit. The Times of India, where the Massachusetts-based Aveksa does core development work, broke the story and claimed that EMC paid upwards of $225 million in cash for the place. The start-up was reportedly afraid that if it didn’t sell EMC or another big company would develop Aveksa-like capabilities.

read more