EMC is buying Pi Corp according to this article at News.com.
According to Pi's web site, the software Pi is working on is designed to let people control, share, and publish information that is online or locally stored.
Pi has ambitious goals, and the fact they are building this super-personal information manager (S-PiM) shows there is a growing desire among modern knowledge managers (i.e. any of us who use email, digital files for photos, music and record keeping) to have more flexibility in the way we manage and access our digital content. Cloud compute combined with a lightweight rich Internet application is a great way to accomplish this goal.
Apparently EMC agrees, since they have purchased Pi Corp. in an all cash deal.
"We're saying that success in this new space will require a very different technology base--and a business model--very unlike other parts of the traditional IT landscape," wrote Chuck Hollis, EMC's global marketing chief technology officer, in his blog.The IT landscape is changing rapidly. It's exciting times to be at the forefront of the next wave of great innovation.