EMC Corp. chief Joe Tucci has got his checkbook out again, snapping up enterprise cloud computing firm Virtustream Inc. in a $1.2 billion cash deal.

The deal comes after EMC acquired another cloud oriented firm, The Cloudscaling Group, Inc., in late 2014.

Founded in 2009, Virtustream specializes in lifecycle automation and orchestration, focusing on mission-critical enterprise apps like SAP SE’s HANA. The company’s xStream platform is also tightly integrated with VMware Inc.’s vSphere, and boasts high profile customers like The Coca-Cola Company, Domino Foods Inc., The H. J. Heinz Company, Hess Corporation, Kawasaki Motors Corp., Lexmark International Inc., and Scotts Miracle-Gro Co.

According to EMC, the plan is to merge Virtustream’s portfolio of products into its Federation Enterprise Hybrid Cloud offering, thereby creating a new ‘managed cloud services’ business that supports all apps, workloads and cloud models, The Wall Street Journal reported.

For EMC, the acquisition is a pretty big deal, with the company calling it a “transformational element” of its hybrid cloud strategy.

“With Virtustream in place, EMC will be uniquely positioned as a single source for our customers’ entire hybrid cloud infrastructure and services needs,” said Tucci said in a statement. “It’s a game changer.”

Virtustream will continue to operate as a seperate business under EMC’s Federation, with its CEO and co-founder Rodney Rogers reporting directly to Tucci.

The acquisition is set to close in the third quarter, and will see Virtustream become the fourth cloud company absorbed into EMC’s stable after Cloudscaling, Maginatics and Spanning Cloud Apps Inc., which were all acquired in 2014.

Each acquisition fits nicely into EMC’s hybrid cloud plans, with Cloudscaling delivering OpenStack-based software for hybrid cloud deployments, Maginatics providing data mobility across services, Spanning providing backup tools for data and apps, and Virtustream helping to stitch it all together.

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