US computer giant, Dell has agreed to take over world's leading storage company and owner of VMware, EMC for $67bn. The deal if goes through will create the world’s largest privately-controlled, integrated technology company and will be led by Michael Dell who will be chairman and chief executive of the combined group.
Michael Dell and Joe Tucci appear together today at EMC http://t.co/TamQtFWMsb IMPORTANT INFO: http://t.co/ikE6Pdll1y pic.twitter.com/SarHiztyXK
— EMC Corporation (@EMCcorp) October 12, 2015
The transaction combines two of the world’s greatest technology franchises with leadership positions in servers, storage, virtualization and PCs. The merger is expected to bring together strong capabilities in the fastest growing areas of the industry, including digital transformation, software-defined data center, hybrid cloud, converged infrastructure, mobile and security
According to a statement by both the companies, VMware will remain a publicly-traded company and continue to provide customers value through leading software- defined data center technology, together with its cloud, mobile and desktop offerings.
Michael Dell, CEO & Chairman, Dell
Our new company 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.
Joe Tucci, chairman and chief executive officer of EMC
I’m tremendously proud of everything we’ve built at EMC – from humble beginnings as a Boston-based startup to a global, world-class technology company with an unyielding dedication to our customers. But the waves of change we now see in our industry are unprecedented and, to navigate this change, we must create a new company for a new era.
