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Data storage vendor EMC Corp. yesterday agreed to acquire Pi Corp., a privately held developer of software and services to help individuals sort through and share increasing volumes of data.
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Once the transaction is completed by the end of next month, Pi's founder and chief executive, Paul Maritz, will become president and general manager of EMC's newly formed Cloud Infrastructure and Services Division. Maritz spent 14 years with Microsoft Corp. and served as a member of Microsoft's executive committee before founding Pi.
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