Dell Finalizes Huge EMC Deal To Become Tech Titan


Dell finalizes huge EMC deal to become tech titan

WASHINGTON, (APP - UrduPoint / Pakistan Point News -7th Sept,2016) - US computer maker Dell said Wednesday it completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services.

The completion creates a new firm called Dell Technologies and finalizes a record $67 billion deal for EMC, which will help the struggling PC maker accelerate its efforts in cloud and mobile computing.

Dell founder and chairman Michael Dell, who took the computer maker private in 2013, said the new firm would be better positioned to compete in the evolving technology landscape. "We are at the dawn of the next industrial revolution," he said in a statement.

"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. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey." Dell Technologies will be offering a variety of services for enterprises including cloud computing, data analytics, mobility and cybersecurity.

It moves Dell further away from its origins in the personal computer market, which is shrinking.