September 7, 2016
Dell Technologies today announced completion of the acquisition of EMC Corp., which it said creates a “unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information.
“This combination creates a $74 billion market leader 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 consists of Dell client solutions business and the Dell EMC infrastructure solutions business – both of which are supported by Dell EMC Services – as well as Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware.
“We are at the dawn of the next industrial revolution,” said Michael Dell, chairman and CEO of Dell Technologies. “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.”
When the transaction closed earlier today EMC shareholders received US$24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business.
Further coverage will appear in an upcoming issue of Connections+.