Dell Technologies
Current logo as of October 2016.
|
|
| Public company | |
| Traded as | : DVMT |
| Industry | Information technology |
| Predecessor |
Dell Inc. EMC Corporation |
| Founded | September 7, 2016 as a merger of EMC Corporation and Dell Inc. |
| Founder | Michael Dell |
| Headquarters | One Dell Way, Round Rock, Texas |
|
Area served
|
Worldwide |
|
Key people
|
Michael Dell (Chairman & CEO) |
| Products | |
| Revenue |
 US$74 billion (2016) |
| Owner | Michael Dell 75% Silver Lake Partners 25% |
|
Number of employees
|
140,000 (2016) |
| Divisions | |
| Subsidiaries | |
| Website | dell.technologies |
Dell Technologies (stylized as ) is a multinational information technology corporation based in Round Rock, Texas. It was formed upon the merger of the Dell Inc. and EMC Corporation.
Dell's products include personal computers, servers, smartphones, televisions, computer software, computer and network security, as well as information security services. Subsidiaries include Dell, Dell EMC, Pivotal Software, SecureWorks, and VMware.Michael Dell, founder of Dell Inc., is the chairman of Dell Technologies.
On October 12, 2015, Dell Inc. announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the "highest-valued tech acquisition in history". The acquisition was finalized September 7, 2016.
The announcement came two years after Dell Inc. returned to private ownership, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business. It's thought that the company's value has roughly doubled since then. EMC was being pressured by Elliott Management, a hedge fund holding 2.2% of EMC's stock, to reorganize their unusual "Federation" structure, in which EMC's divisions were effectively being run as independent companies. Elliott argued this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II and VMware products was confusing the market and hindering both companies. The Wall Street Journal estimated that in 2014 Dell had revenue of $27.3 billion from personal computers and $8.9 billion from servers, while EMC had $16.5 billion from EMC II, $1bn from RSA Security, $6bn from VMware, and $230 million from Pivotal Software. EMC owns around 80% of the stock of VMware. The proposed acquisition will maintain VMware as a separate company, held via a new , while the other parts of EMC will be rolled into Dell. Once the acquisition closes Dell will again publish quarterly financial results, having ceased these on going private in 2013.
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Wikipedia