Dell announced on the first day of EMC World the merge with the company EMC Corp. According to both companies, the merger is estimated at $59 billion and will be called Dell Technologies.
The 2016 EMC world is being celebrated in Las Vegas from May 2 to May 5th with over 10,000 attendees that heard the news about the newest merge between technology companies.
Michael S. Dell, founder, chairman, and chief executive announced the acquisition of EMC Corporation during the opening of the event.
A more attractive IT market
EMC is a multinational corporation based in Hopkinton Massachusetts that specializes in data storage, information security, virtualization, and cloud computing. EMC services allow their users to store, manage and protect their data.
The corporation is oriented particularly to large and medium companies in different markets across the nation. With over 70,000 employees it has become one of the world’s largest provider of data storage systems.
In 2014, EMC had a net income of $2.714 billion providing its services worldwide.
The merge between the two companies will generate a wider collection of enterprises called Dell Technologies.
For Dell customers and client business, the name Dell will remain even on the devices. But when it comes to the inside infrastructure of the company the name will change to Dell EMC.
The merger of two of the world’s biggest technology giants in the industry will offer the IT market with products that offer more complementary solutions.
According to Dell’s CEO and chairman, the merger between the companies comes as a response to customers demand that needs a partner that can do everything.
Dell Technologies will maintain serving customers with their products but offering EMC’S core information in their storage and infrastructure.