GEC NEWS WIREMichael S. Dell, MSD Partners and Silver Lake Lead Transaction to Combine Dell and EMC, Creating Premier End-to-End Technology Company
The stage is set for the world to witness the merger of two mammoths as Dell will acquire EMC Corporation, while maintaining VMware as a publicly-traded company. This definitive agreement would see the coming together of the industry titans in in digital transformation, software-defined data center, hybrid cloud, converged infrastructure, mobile and security.
“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,” said Mr. Dell. “Our investments in R&D and innovation along with our privately-controlled structure will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes. I am incredibly excited to partner with the EMC, VMware, Pivotal, VCE, RSA and Virtustream teams and am personally committed to the success of our new company, our customers and partners.”
The envious pair of Dell and EMC will create the world’s largest privately controlled IT company. The transaction will also unite Dell’s strength with small business and mid-market customers with EMC’s strength with large enterprises to fuel profitable growth and generate significant cash flows.
Joe Tucci, Chairman and CEO of EMC said “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. I truly believe that the combination of EMC and Dell will prove to be a winning combination for our customers, employees, partners and shareholders.”
