Thoughts on EMC’s Syncplicity Spin-Out

EMC made a surprise announcement today that it is spinning out the Syncplicity division to private equity firm Skyview Capital. EMC will retain a stake in the new company (which will be called Syncplicity), and Skyview exec Jon Huberman will lead the company as the new CEO. Most of the Syncplicity team will move to the new company – though existing leader Jeetu Patel will move on to bigger and better things outside of Syncplicity. The good news is that Jeetu built a strong team and the new company will benefit from his legacy.

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