EMC Said to Absorb VCE Joint Venture as Cisco Reduces Stake

EMC Corp. is buying out much of Cisco Systems Inc.’s stake in joint venture VCE, which sells high-end data center equipment, according to people with knowledge of the matter.

EMC will meld the joint venture into its business and consolidate VCE’s sales into its quarterly results, providing a boost to revenue, said one of the people, who asked not to be identified because the change wasn’t public. Cisco will remain an investor in the VCE business, but at a reduced stake, another person said.