Menu
​Sale of the century as Dell agrees to buy EMC for record $US67 billion

​Sale of the century as Dell agrees to buy EMC for record $US67 billion

“The combination of Dell and EMC creates an enterprise solutions powerhouse..."

Michael Dell - Chairman and CEO, Dell

Michael Dell - Chairman and CEO, Dell

Dell has confirmed plans to acquire EMC and its myriad of businesses, bringing together two titans of the technology industry in a record-breaking US$67 billion deal.

With rumours of a possible merger heightening last week, Dell CEO Michael Dell - who will become chairman and CEO of the new company - has moved quickly to combine two industry powerhouses, creating the world’s largest privately-controlled, integrated technology company in the process.

Expected to close on February 3, 2017, the deal brings together the industry leaders in digital transformation, software-defined datacentre, hybrid Cloud, converged infrastructure, mobile and security.

According to Michael Dell - in unison with MSD Partners and investment firm Silver Lake, Dell will acquire EMC Corporation, while maintaining VMware as a publicly-traded company.

“The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment,” says Michael Dell.

“Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined datacentre, converged infrastructure, hybrid cloud, mobile and security.

“Our investments in R&D and innovation along with our privately-controlled structure will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes.

“I am incredibly excited to partner with the EMC, VMware, Pivotal, VCE, RSA and Virtustream teams and am personally committed to the success of our new company, our customers and partners.”

Michael Dell believes the combination of Dell and EMC will ensure market leadership in the “extremely attractive high-growth areas” of the US$2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies.

The transaction combines two of the world’s biggest technology franchises with leadership positions in servers, storage, virtualisation and PCs and it brings together strong capabilities in the fastest growing areas of the industry, including digital transformation, software-defined data centre, hybrid cloud, converged infrastructure, mobile and security.

Joe Tucci - Chairman and CEO, EMC Corporation
Joe Tucci - Chairman and CEO, EMC Corporation

Since becoming a private company, Michael Dell says Dell has had the “flexibility and agility” to focus completely on customers and invest for long-term results.

“The transaction will unite Dell’s strength with small business and mid-market customers with EMC’s strength with large enterprises to fuel profitable growth and generate significant cash flows,” he adds.

Going forward, both parties believe the combined company will consist of strategically-aligned businesses and incubated high-growth assets, fostering innovation, enabling customer choice and attracting and retaining world-class talent.

“I’m tremendously proud of everything we’ve built at EMC - from humble beginnings as a Boston-based startup to a global, world-class technology company with an unyielding dedication to our customers,” adds Joe Tucci, chairman and chief executive officer, EMC.

“But the waves of change we now see in our industry are unprecedented and, to navigate this change, we must create a new company for a new era.

“I truly believe that the combination of EMC and Dell will prove to be a winning combination for our customers, employees, partners and shareholders.”

VMware

Tucci says VMware will remain a publicly-traded company and continue to provide customers value through leading software-defined datacentre technology, together with its cloud, mobile and desktop offerings.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags CloudmobileVMwareDellvirtualisationstorageemcMIchael Dell

Brand Post

How to become the best IT MSP

This article provides guidance for managed service providers (MSPs) that want to grow their business. It is also useful for any IT service provider looking to move from the break-fix model to managed IT services.

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments