Dell Technologies today announced the completion of its acquisition of EMC Corporation. This creates a unique group of businesses providing organizations with the infrastructure they need to build a digital future, transform IT and protect their most important asset: information. Their merger created a market leader valued at $74 billion[1] with an ever-expanding portfolio of technologies that solve complex customer problems in the rapidly evolving areas of hybrid clouds, software-defined data centers, converged infrastructure, platforms as a service, data analytics, mobility and cybersecurity.
Dell Technologies serves 98% of the Fortune 500 and is comprised of several market leaders. The two largest and best-known companies are Dell, which provides client solutions, and Dell EMC, which provides infrastructure solutions. Both are supported by Dell EMC Services. Dell Technologies also includes Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware. This unique structure combines the focus and innovation of a startup and predatory company with the global reach and services of a large enterprise. The size of the Dell Technologies group will allow it to further strengthen innovation, invest more in research and development, sales and marketing, services and support, and provide customers with more efficient and cost-effective solutions. The company will report its financial results publicly, but is privately held, allowing it to better direct investments into its customer and partner ecosystem over the long term.
Michael Dell, Chairman and CEO of Dell Technologies, said: "We are on the threshold of a new industrial revolution. Our world is becoming increasingly intelligent and connected, until itonec will be embraced by a vast network of the Internet of Things, which will open the way to unprecedented possibilities for our customers. ProThat’s what we created Dell Technologies for. We have the products, services, expertise and global reach to catalyze change and guide customers large and small on their digital journeys.”
Dell Technologies combines Dell's market strength in small and medium-sized businesses with EMC's position in large enterprises, and is a leader in a number of key, high-growth areas of the $20 trillion IT market, as evidenced by its leadership designation in XNUMX assessments. Magicthe right quadrant and the portfolio more than twenty thousand patents and patent applications. As part of today's announcement, the company also unveiled a new brand structure. A video with more information about the new brand is available here.
Upon closing of the transaction on September 7, 2016, EMC shareholders received $24,05 per share in cash and tracking stock associated with EMC's economic interest in the VMware division. Based on the estimated number of EMC shares outstanding at the time of the transaction, EMC shareholders received 0,11146 new division shares (NYSE: DVMT) for each EMC share. The value of a divisional share may differ from the market value of VMware shares due to the different nature and rights associated with the two types of shares.
