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Dell to Buy EMC Corporation for $67 Billion in "Biggest Tech Deal of All Time"

posted by cmn32480 on Monday October 12 2015, @10:00PM   Printer-friendly
from the HOLY-SCHNIKES!! dept.

takyon writes:

HPCWire reports that Dell is purchasing storage, security, virtualization, and cloud computing provider EMC Corporation for $67 billion:

Dell will buy the storage provider EMC (NYSE: EMC) in a deal worth about $67 billion, reports The New York Times today (Dell Announces Purchase of EMC for $67 Billion). Dell and the investment firm Silver Lake, its financial backer, are betting that a huge acquisition will help one of the best-known names in the industry keep up with the rapidly changing technology industry.

"Under the terms of the deal, Dell will pay $33.15 per EMC share, which includes cash plus tracking stock linked to part of EMC's economic interest in VMware, a publicly traded business. The Dell founder and chief executive, Michael S. Dell will lead the combined company as chairman and chief executive.

"For the last two years, since taking the company private, Mr. Dell and Silver Lake have been trying to help it adapt to a changed tech landscape. Buying EMC brings Dell one of the biggest names in computer data storage, adding to existing offerings like network servers, corporate software and mobile devices," according to the NYT report.

Addison Snell, CEO of analyst firm Intersect360 Research said, "With the number-one market share company for HPC servers purchasing the number-one market share company for HPC storage, of course this deal has ramification for HPC users. For Dell it is a chance to drive an end-to-end high-performance data strategy, which has been an area they have sought to improve. For EMC, it is a chance to consolidate separate lines into a cohesive high-performance strategy — right now, Isilon and XtremIO are isolated businesses. And with virtualization now on the rise in HPC environments, Dell will want to see if VMware can be a valuable component."

CNN characterizes it as the "biggest tech deal of all time".

Additional thoughts from El Reg are not all unicorns and sunshine.

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  • (Score: -1, Redundant) by Anonymous Coward on Monday October 12 2015, @10:31PM

    by Anonymous Coward on Monday October 12 2015, @10:31PM (#248660)

    Three years ago. Was.

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  • (Score: 2, Interesting) by Freeman on Monday October 12 2015, @10:54PM

    by Freeman (732) on Monday October 12 2015, @10:54PM (#248664) Journal

    And what do you use for your Virtual Servers? I know our IT department has been using VMware for years and will be using it for the forseeable future.

    --
    Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"

    • (Score: 1, Informative) by Anonymous Coward on Monday October 12 2015, @11:39PM

      by Anonymous Coward on Monday October 12 2015, @11:39PM (#248682)

      Different AC here, but we use a mixture of Virtualbox, Hyper-V, Xen, KVM, and another that escapes me.

      On a related note, if the servers don't have to be secure and actually separated all the way down, then jails and containers are becoming more popular.

      • (Score: 0) by Anonymous Coward on Tuesday October 13 2015, @09:38PM

        by Anonymous Coward on Tuesday October 13 2015, @09:38PM (#249135)

        I believe that vmware ( when setup according to mandates ) is DoD compliant. Who else is? Anyone?