EMC Corp. (EMC) has agreed to buy cloud-computing company Cloudscaling Group Inc. for less than $50 million, Bloomberg News reported Monday.

San Francisco-based Cloudscaling has received investments from Trinity Ventures, Juniper Networks Inc. (JNPR) and Seagate Technology PLC (STX).

Full story at http://www.bloomberg.com/news/2014-10-13/emc-acquiring-cloud-computing-startup-cloudscaling.html?hootPostID=ea960717a9a32d97b594e5a011c41e42

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