Dells emc acquisition combines dells servers and midrange strength with emc s highend storage business, which could result in a positive impact on its partner base. Oct 08, 2015 dell is said to be in talks to acquire emc. What does dell acquisition of emc mean for engineers at. Jan 21, 2016 some companies have a huge impact on the state of software business. Virtustream is an exceptional company and this is a critical and transformative acquisition for emc in. Emc s move represents an interesting strategy that, in some ways, goes against its legacy, especially when coupled with the acquisition last fall of openstack cloud vendor cloudscaling, said lauren nelson, an analyst for cambridge, mass. Jan 29, 2018 vmware could buy dell in massive reversemerger, sources say. Admittedly, we define related material broadly to include mergers, private. Vmware was spun off from emc, but emc retained 81% of their stake in the company, which was part of the prize that dell was going for. Many tech industry incumbents are stalling in revenue growth, in investor interest, in strategic position and something has to give. The emc acquisition suggests that vmwares investments in extending its software beyond the power user. Emc has significant assets in areas like data management and. Job cuts coming the acquisition was completed recently, and it is reported that up to 3,000 jobs will be cut companywide.
Virtustream represents a transformational element of emcs strategy to help customers move all applications to cloudbased it environments. Article emc acquisition expands dells networking portfolio. Emc completes acquisition of virtustream pr newswire. With the stock price back close to its preacquisition announcement level. May 29, 2015 the acquisition could help the company expand its presence in the growing cloud computing domain and improve its range of offerings. Dec 16, 2003 emc acquires server specialist vmware. Virtustream is an exceptional company and this is a critical and transformative acquisition for emc in one of the industrys fastestgrowing and most important sectors, said joe tucci. Interestingly, elliot sought the partial breakup of emc by spinning off a majority owned subsidiary vmware. The deal is not expected to contribute meaningfully to emcs. It will be a complicated process to integrate these companies, but the end product should produce a stronger vmware. Virtustream isnt the biggest name in the cloud market, but the. With the recent acquisitions enhancing emc s product and services capabilities, the company could sustain. But the deal is significant beyond its monetary value.
Emc to acquire virtustream all references to emc refer to the emc federation of businesses. In addition to their day jobs, joe and ralph teach acquisition finance at the amsterdam institute of finance. The acquisition represents a transformational element of emc s strategy to help customers move all applications to cloudbased it environments. Vmware global support services ionix acquisition update. Dell completed its acquisition of emc technologies on wednesday. Virtustream is an exceptional company and this is a critical and transformative acquisition for emc in one of the industrys fastestgrowing. The emc acquisition suggests that vmwares investments in extending its software beyond the power user space into a virtualized data center resonates with the big. This blog was created in the summer of 2012 as a tool for those interested in acquisition finance and related material. With virtustream in place, emc will be uniquely positioned as a single source for our customers entire hybrid cloud infrastructure and services needs. Emc completes acquisition of vmware dell technologies us. Dell is said to be in talks to acquire emc the new york times. Article casualties of dell emc likely to occur on dells side. Tucci undoubtedly looked at dells having gone private with some envy and, i expect, the two men started talking. Dell is said to be in talks to acquire emc the new york.
Vmware recently completed the acquisition of several ionix products from dell emc, and we wish to extend a warm welcome to our dell emc ionix customers. Virtustream is an exceptional company and this is a critical and transformative acquisition for emc in one of the industrys fastest. Dell and emc make their megamerger official fortune. Emc, the world leader in information storage and management, today announced it has completed the acquisition of. Part of the purchase deal for emc was buying out all those vmwar. Sep 14, 2016 business dell officially acquires emc, now dell emc. Important information regarding the emc ionixvmware acquisition. The deal would give dell shareholders a way to profit from having taken dell private in 20. As part of the acquisition, vmware will take over product support on july 1, 2010 for the following products. This is the second major cloud acquisition by emc in the last year. With the addition of virtustream, emc completes the industrys most comprehensive hybrid cloud portfolio to support all applications, all workloads and all cloud models. May 26, 2015 virtustream ceo rodney rogers will report to joe tucci, emc chairman and ceo.
Dell technologies wrapped up the acquisition of emc corp. Dell, msd partners and silver lake lead transaction to combine dell and emc, creating premier endtoend technology company. I suspect potentially less than in the case of an emc acquisition as vmware would be selling storage and cooperating with partners. Dell acquisition target emc plans to cut jobs austin. Dell completes emc acquisition to become dell technologies. Important information regarding the emc ionixvmware. Emc confirms layoffs as costcutting measures begin ahead of. The recent bid by dell to acquire emc popped up meaningful questions for the whole industry. Emcs virtustream acquisition fills managed cloud void.
Today the plot thickened a bit more when vmware announced in a filing with the sec that it was walking away from the agreement. When the transaction closes, virtustream will form emcs new managed cloud services business. Emc said it will use virtustreams portfolio as part of its new managed cloud services business. By acquiring storage vendor emc, dell has the potential to create a major it company with a strong networking portfolio for the enterprise data center. Some of emcs growth was via acquisitions of small companies. Following virtustreams acquisition by emc, on october 12, 2015, dell inc. The purchase of emc by dell is a fantastic opportunity to increase the scope of services provided by all three companies. Michael dell has sealed the biggest deal in tech history, after his privately run pc maker agreed to acquire data storage maker emc for about. Plot thickens in dellemc deal as vmware announces its. It underscores the turmoil among traditional it vendors as enterprise computing moves from hardware and software products to subscriptionbased cloud services. Oct 12, 2015 the takeover is an ambitious bet on a number of fronts. As many of you know, opentext has recently completed on the previously announced acquisition of dell emcs enterprise content division, including documentum.
Dell just bought emc in the biggest tech merger ever. The ceos of all three companies said during a conference call with media and analysts that at least upper management will remain the same at emc. Virtustream ceo rodney rogers will report to joe tucci, emc chairman and ceo. Dell, msd partners and silver lake, will acquire emc corporation, while maintaining vmware as a publiclytraded company. Today dell technologies completed its acquisition of emc corporation creating the worlds largest privately controlled tech company. Oct 19, 2015 dell appears to be getting a fair firm at a great price. As many of you know, opentext has recently completed on the previously announced acquisition of dell emc s enterprise content division, including documentum. Virtustream represents a transformational element of emc s strategy to help customers move all applications to cloudbased it environments. Opentext acquires dell emc enterprise content division. How could dell acquire emc, a company worth twice dells. I expect the primary driver was to take emc private easily and an acquisition like this would do that. How dells acquisition of emc affects vmware euc, citrix. Job cuts coming the acquisition was completed recently, and it is reported that up. This acquisition cements opentexts position as the ecm market leader and represents an exciting time for the company.
May 28, 2015 this is the second major cloud acquisition by emc in the last year. In takeover of emc, dell makes ambitious bet the new york times. Important information regarding the emc ionixvmware acquisition dear emc ionix customer, on april 1, 2010, vmware acquired several products from the emc ionix family of it infrastructure management solutions. Emc said it will merge virtustreams portfolio into its. Emc today announced it has completed the acquisition of virtustream. We are dedicated to providing you with outstanding support services, and to meeting your future product support needs. Oct 12, 2015 the news is everywhere, and has been for days. Dell has acquired emc, including its controlling stake in vmware, for. The european commission has approved the acquisition of data storage and software provider emc by computer technology company dell. Virtustream represents a transformational element of emc.
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