EMC
Auto Added by WPeMatico
Is Dell-EMC The Canary In The Coal Mine For More Enterprise M&A?
When Dell announced it was buying EMC earlier this month for $67 billion, it would have been easy to see the deal in isolation, but what if it were the first of many such deals? Could Oracle, for example, make a play for HP’s Enterprise business? One well-connected source tells us that even this may be possible.
Consider that HP sold TippingPoint to Trend Micro for $300 million and… Read More
Powered by WPeMatico
EMC And VMware Spin Out Virtustream As Jointly Owned Company
In a surprise move today at its earnings call, VMware announced that together with EMC, it was forming a jointly-owned company under the name of Virtustream, which is the company EMC bought last spring for $1.2 billion. The move comes against the dramatic backdrop of the announcement last week that Dell was acquiring EMC for $67 billion. You see, EMC owns 80 percent of VMware. To… Read More
Powered by WPeMatico
Dell Needs To Decide What To Keep And What To Sell After EMC Deal
In the brave new enterprise world, organizations will be awash in big data, and it’s against this backdrop that Dell bought EMC this week for the astonishing sum of $67 billion. All of this data needs to be stored somewhere and that’s where EMC comes in. Dell already has been selling storage of course. In fact, it bought EqualLogic in 2007 for $1.4 billion, which seemed like a… Read More
Powered by WPeMatico
VMware Reports Q3 Sales Of $1.67B, Stock Drops After Dell Offers $67B For EMC
Alongside the not-unexpected news that Dell would acquire EMC in a record $67.1 billion deal, EMC-controlled VMware released an early look at its Q3 results: The virtualization giant said it expects to post $1.672 billion in sales, with non-GAAP net income of $1.02/share. The market, at least initially, doesn’t look very impressed: shares of VMware dropped by as much as 10… Read More
Powered by WPeMatico
Dell Buys EMC For $67B In Largest Deal In Tech History
In the largest tech deal in history by far*, Dell and partners MSD Partners and Silver Lake agreed to buy EMC today for $67 billion or $33.15 a share.
This is way over the $27 price being rumored last week, and makes the deal far larger than the $37 billion that Avago paid for Broadcom just last May.
What makes this deal even more interesting is that Dell, with a valuation of around $25… Read More
Powered by WPeMatico
EMC-Dell Rumors Could Be About Storage Giant Exiting On Its Own Terms
Rumors that Dell is going to buy Massachusetts-based storage giant EMC, first reported yesterday in the Wall Street Journal, have been flying fast and furiously. The deal could be valued as high as $27/share, or just shy of $52 billion, according to one report, sending EMC’s stock soaring today. If the rumors are true, it could be one of the biggest tech M&A deals in history… Read More
Powered by WPeMatico
EMC Sells Cloud Sync And Share Product Syncplicity To Private Equity Firm
When EMC bought cloud sync and share company, Syncplicity in 2012, it seemed the company was trying to change the way it does business, but three years later it’s selling out to private equity firm, Skyview Capital, perhaps ready to concede that a freemium cloud model doesn’t fit the company culture. It’s worth noting that EMC will maintain a stake in Syncplicity, but the… Read More
Powered by WPeMatico
EMC Continues Shift To Cloud With $1.2B Virtustream Purchase
EMC announced this morning that it had purchased Virtustream, a cloud management firm, for $1.2 billion. The company has indicated it will incorporate Virtustream as the company’s newly formed cloud managed services business. Virtustream, which launched in 2008 has raised of $129 million since its inception. A billion dollar exit on that kind of raise is not too shabby, and it gives… Read More
Powered by WPeMatico
EMC Partners With Hippo To Gain Customer Experience Management Foothold
EMC and Hippo announced a partnership today in which Hippo, an open source web content management platform, will integrate with EMC Documentum, EMC’s enterprise content management software.
As with all good deals, each partner gains something. EMC fills in a missing piece in its content management arsenal without having to spend a lot of money. Hippo gains access to a much broader… Read More
Powered by WPeMatico
EMC Frantically Pivots To The Cloud
EMC announced some big changes today including the purchase of three cloud companies, a new hybrid cloud product and a reorganization designed to emphasize the cloud. For those of you who don’t speak technology-buzzword English, the Hybrid Cloud is an approach where some of your computing is done in an on-premises data center and some is delivered by a public cloud provider such as… Read More
Powered by WPeMatico