The transaction is expected to have no material impact to EMC financial results in 2015 and is expected to be additive to revenues and accretive to EPS in 2016. David Goulden, CEO, EMC information infrastructure, commented: " As IT organizations race to keep pace with the demands of the modern and rapidly changing business, they need to leverage both private and public clouds. The EMC Federation Enterprise Hybrid Coud Solution enables customers to deploy rapidly a hybrid cloud that incorporates the best of both. Today's news completes the picture, culminating in what customers want most, a one-stop-shop experience for their entire hybrid cloud needs ." Pat Gelsinger, CEO, VMware, Inc., commented: " This acquisition is great news for our customers, VMware and the EMC Federation of businesses. With the addition of Virtustream, we will be able to offer customers a comprehensive set of hybrid cloud offerings, including private, managed and public cloud solutions.