Dell completes $ 67 billion merger with EMC

Dell and EMC have officially completed a US $67 billion merger resulting in a new company under the Dell Technologies name. 

Dell Technolgies will have a number of subsidiaries, that includes Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware.

Michael Dell, chairman and CEO of Dell Technologies, said, "We are at the dawn of the next industrial revolution. 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."

Dell Technologies will continue to design and sell Windows-based desktops, laptops and tablets under its globally recognized Dell brand, and gaming PCs with the Alienware branding.

Source: Windows Central

Dell and EMC close to completing merger

Michael Dell

Dell Inc. and EMC Corp. are set to close its merger after receiving regulatory approval from China’s Ministry of Commerce. The deal was announced back in October 2015 and will be completed on September 7. The combined company will start operating under the name Dell Technologies after the transaction is completed. In the face of growing pressure from cloud-based offerings, Dell and EMC plan to develop a wider product lineup ranging from servers to key software services and storage devices.

“This is an historic moment for both Dell and EMC. Combined, we will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security,” says Michael Dell, chairman and CEO of Dell Technologies. “Our investments in R&D and innovation, along with our 140,000 team members around the world, will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes.”

Source: Bloomberg