Microsoft and EMC renew their vows

NEW YORK--It was a lovefest Tuesday here at the Plaza Hotel where Microsoft and storage company EMC announced that they are extending their strategic partnership another three years.

The software giant and information management company have been working closely together for years, but they didn't formalize their relationship until 2006. Now things are going so well for the companies, they've decided to extend the formal relationship. As part of the extended partnership, the companies say they'll be focusing more on storage and virtualized environments. They'll also concentrate on productivity and security solutions to prevent data breaches.

We caught up with Microsoft CEO Steve Ballmer and EMC CEO Joe Tucci here at an event they hosted for their enterprise customers where the two executives talked about balancing their cooperative and sometimes competitive relationship. They also discussed how the current economic environment is affecting how their large corporate customers are spending money, and how they hope their continued partnership will help them each drive more business.

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