Dell has just completed the single most substantial acquisition in the history of technology, paying a whopping $67 billion for EMC Corporation, one of the biggest names in data management.
Bringing EMC into the fold is extremely advantageous for Dell, who plans to bolster its data computing sector with EMC's valuable expertise in services like cloud management, enterprise-grade backup, recovery and archiving, and data virtualization. EMC powers a huge portion of the world's business data management, with companies across the globe utilizing its wide array of services to encrypt, analyze and interpret massive data streams across a wide variety of platforms.
"The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment. 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 Michael 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."