Dell Technologies has formally announced the completion of its acquisition of EMC Corporation to become the largest privately held technology company.
The combination creates a $74-billion company with a portfolio that spans the industry?s fast-growing areas of hybrid cloud, software-defined data center, converged infrastructure, platform-as-a-service, data analytics, mobility, and cybersecurity.
Dell Technologies is comprised of several businesses: the two largest are the Dell client solutions business and the Dell EMC infrastructure solutions business ? both of which are supported by Dell EMC Services.
In addition, Dell Technologies contains Boomi, Pivotal, RSA, SecureWorks, Virtustream and VMware.
While the company will publicly report its financial results, it is privately controlled, enabling it to better focus investments on its customer and partner ecosystem over the long term.
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.”
Dell Technologies blends Dell?s go-to-market strength with small business and mid-market customers and EMC?s strength with large enterprises and stands as a market leader in many of the most important and high-growth areas of the $2 trillion information technology market, including a portfolio of more than 20,000 patents and applications.
