Dell’s buyout of EMC for $63.4 billion is set to close next week after regulators in China gave the final sign off for what is thought to be the largest tech acquisition in history.
Dell Technologies, as it’ll soon be known, is “exceptionally well-positioned for growth in the most strategic areas of next generation IT, including digital transformation, software-defined data centre, converged infrastructure, hybrid cloud, mobile and security,” Michael Dell said in a statement.
The merger brings with it EMC’s data storage hardware expertise, long-time competition of the enterprise servers sold by Dell, along with its separate, part-owned VMware cloud and virtualisation division.
VMware is expected to continue to operate as a separate company, while Michael Dell revealed earlier this year that there will also be a Dell EMC division created to look after enterprise products.
This giant IT couple serve most of the world’s largest companies in one way or another and, according to IDC, captured almost 20 per cent of the highly fragmented storage hardware market in 2015.
Dell Technologies will surely be able to offer a huge (if not confusing) range of future-proof storage solutions based on the tech and partners pooled as part of the sale.
With slick competition led by Amazon Web Services, recently forecast by Deutsche Bank to be worth $160 billion by 2017, making it the fastest-growing enterprise tech company in history, this landmark acquisition had better pay off.