EMC, the storage giant has acquired the Seattle based open source software support startup, SourceLabs. The amount of the deal is not disclosed. SourceLabs is the operator of Swik.net, the open source community.
According to TechFlash:
The source said that some of the team has started working at EMC’s Bellevue offices, where I was able to leave a voice mail for SourceLabs chief architect Will Pugh. Chief Executive Byron Sebastian had not yet set up his voice mail at the Bellevue location, according to a receptionist. He could not be reached on his cell phone Friday.
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[...] quarter revenues. These layoffs are also part of the company restructuring. The company which recently acquired SourceLabs, is expected to cut $350 million in costs this year and by the next year $500 [...]