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Dell breaks tech records with $67bn EMC merger

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By John McCarthy | Media editor

October 12, 2015 | 2 min read

Dell has dramatically pivoted its desktop business with a record breaking merger with data storage company EMC.

EMC which specialises in analytics, cloud and data storage will be snapped up for a total of $67bn (£44bn).

Subject to US anti-competition regulators, the merger breaks Dell’s reliance on the shrinking desktop and hardware market, a sentiment shadowed by Dell chief Michael Dell.

“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 Dell.

Joe Tucci, chairman and chief executive officer of EMC, added: “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.”

Upon the merger, Dell will lead the combined company from Dell’s Texas HQ.

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