Dell-EMC merger creates giant $74 billion tech companySep. 8, 2016
ll Inc. and EMC Corp. on Wednesday completed what has been dubbed the biggest technology merger in history, joining two data providers and manufacturers of computing equipment into one $74 billion composition.
The deal, announced in October 2015, closed Wednesday after it received the necessary regulatory approvals at the end of August.
The transaction has created the world’s largest privately controlled, integrated technology company, Dell said in a statement, and unites Dell’s strength with small business and mid-market customers with EMC’s strength with large enterprises. The aim is to continue to generate profitable growth, especially in the $2 trillion information technology market.
The joint technology portfolio will be able to solve complex problems for customers in the industry’s fast-growing areas of hybrid cloud, software-defined data centers, converged infrastructure, platform-as-a-service, data analytics, mobility and cybersecurity, Dell said.