Dell completes $63bn acquisition of EMC, unveils new brand
Dell today announced that it has completed the acquisition of EMC Corporation, creating a large family of businesses that provide infrastructure for organisations or all sizes and aims to transform IT in the process.
The combination of Dell and EMC creates a $74 billion technology company, the largest privately-controlled tech company, which should enable it to enjoy flexibility in the market that is not possible in many of its publically owned competitors.
Comprising Dell, Dell EMC, Pivotal, RSA, SecureWorks Virtustream and virtualisation company VMWare the new company has a wide technology portfolio and today unveiled the new brand, Dell Technologies, by which it shall be known.
"We are at the dawn of the next industrial revolution… 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."
- Michael Dell, Chairman and CEO of Dell Technologies.
Dell Technologies aims to bridge and unite Dell's success at the small business and mid-market sector with EMC's successes at the Enterprise level.
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, 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."