We see significant synergies between Dell and our Federation companies, especially VMware, which will continue to operate as a public company led by Pat Gelsinger. The EMC Federation has created great momentum in the market place which we expect to accelerate. We are very excited by this opportunity, while being able to reward our EMC shareholders in such an attractive way. The new company will have more freedom to invest for the long-term, an increased focus on our customers and, very importantly, the ability to attract and retain the best and brightest people. The combined company will be far more efficient and effective to operate as a private company, giving us the ability to incubate and develop new products and solutions necessary to capitalize on the opportunities I just mentioned. Additionally, it brings together strong capabilities in the hottest IT trends, including digital transformation, the software-defined data center, hybrid cloud, converged infrastructure, mobile and security. It will have complementary product portfolios, expanded market reach, and four of the world’s greatest technology franchises: servers, storage, virtualization and PCs. The combined company will be a leader in a number of the most attractive high-growth areas of the $2 trillion information technology market. The coming together of EMC and Dell will create a powerhouse in the technology industry with more than $80B in revenue. To keep us growing and thriving through the truly historic changes that are gripping our industry, and to help assure we capitalize on the vast opportunity before us, we decided that creating a new company with Michael Dell, an industry colleague and noted leader, and the team at Silver Lake is the best way to position EMC for success going forward. And now we are entering a new era, where the entire information technology industry is experiencing massive disruption, while simultaneously being presented with unprecedented opportunity. An incredible feat! During that period, we have seen good times, tough times, and yes even great times.
In the past 25 years, we have transformed from a storage start-up to a global technology leader with more than 70,000 people. Today is a remarkable day in EMC’s history. And I thank our valued customers for their trust, business, and friendship.īut I also recognize the need for change, and size, coupled with focus of mission, and capabilities, matter! I believe that this transaction will put EMC and our terrific people in the best position possible to thrive in the new world order. I owe each one of them an incredible debt of gratitude. I love our people and the culture we have built. It has been a journey that I wouldn’t have traded for anything. I am incredibly proud of the business we have built here at EMC. This is a bittersweet announcement for me.
Dell EMC’s target markets include large companies and small- and medium-sized businesses across various vertical markets. Dell EMC sells data storage, information security, virtualization, analytics, cloud computing and other products and services that enable businesses to store, manage, protect, and analyze data. Dell EMC (formerly EMC Corporation) is an American multinational corporation headquartered in Hopkinton, Massachusetts, United States.
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