Dell and EMC merger complete
Union forms Dell Technologies the world’s largest privately-controlled tech company
Dell Technologies has announced the completion of the acquisition of EMC Corporation, creating a family of businesses that provides the essential infrastructure for organisations to build their digital future, transform IT and protect their most important asset, information.
The merger creates a $74bn IT giant with an expansive technology portfolio that solves complex problems for customers in the industry's fast-growing areas of hybrid cloud, software-defined data centre, converged infrastructure, platform-as-a-service, data analytics, mobility and cybersecurity.
Dell Technologies serves 98% of the Fortune 500 and comprises several market leading businesses.
The two largest, and most well-known, are the Dell client solutions business and the Dell EMC infrastructure solutions business, both of which are supported by Dell EMC Services. In addition, Dell Technologies has Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware.
According to Dell Technologies, the structure combines the focus and innovation of a startup with the global scale and service of a large enterprise.
Michael Dell, chairman and CEO of Dell Technologies, said: "We are at the dawn of the next industrial revolution. Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of Things (IoT), paving the way for our customers to do incredible things. This is why we created Dell Technologies. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey."
Dell Technologies blends Dell's go-to-market strength with small business and mid-market customers and EMC's strength with large enterprises and stands as a market leader in many of the most important and high-growth areas of the $2trn IT market and a portfolio of more than 20,000 patents and applications.
Jamie Dimon, chairman and CEO, JPMorgan Chase, commented: "Financial services is one of the first-movers in embracing technology to better serve our customers, and the next wave of digitalisation continues a trend that's been occurring my whole lifetime. As one of the world's biggest users of Dell and EMC, we spend approximately $9bn a year on technology, including infrastructure as well as cloud computing, big data analytics and cybersecurity. We make sure we spend wisely and select our partners very carefully. I've known Michael Dell for 30 years. He's top notch, ethical, and deeply cares about everyone he works with - both internally at his company and across the industry. I'm thrilled for Michael and the new company, and we are eager to see everything they create in the future."
Marc Benioff, chairman and CEO, Salesforce, added: "Salesforce's partnership with Dell and EMC has been instrumental in pushing innovation across the industry. Michael is an incredible visionary and one of the most important leaders in our industry. He has been an amazing partner contributing to our success. Now with Dell Technologies, he is once again reshaping the technology industry."