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EMC Corporation

EMC Corporation (stylized as EMC²) was an American multinational corporation headquartered in Hopkinton, Massachusetts,[2] which sold data storage, information security, virtualization, analytics, cloud computing and other products and services that enabled organizations to store, manage, protect, and analyze data. EMC's target markets included large companies and small- and medium-sized businesses across various vertical markets.[3][4]

The company's stock (as EMC Corporation) was added to the New York Stock Exchange on April 6, 1986,[5] and was also listed on the S&P 500 index. EMC acquired Iomega in 2008,[6] and a 2013 partnership with Lenovo resulted in the rebranding of Iomega as LenovoEMC.[7] EMC merged with the computer systems manufacturer Dell Inc. in 2016 to form Dell Technologies. This merger led to the joint venture with Lenovo dissolving; at that time, Forbes noted EMC's "focus on developing and selling data storage and data management hardware and software and convincing its customers to buy its products independent of their other IT buying decisions" based on "best-of-breed."[8] Dell used the EMC name with some of its products under the Dell EMC brand until around 2020.[9][10]

History

EMC, founded in 1979 by Richard Egan and Roger Marino (the E and M of EMC),[11] introduced its first 64-kilobyte (65,536 bytes) memory boards for the Prime Computer in 1981.[12][13] EMC continued to develop memory boards for other computer types. In the mid-1980s, the company expanded beyond memory to other computer data storage types and networked storage platforms. EMC began shipping its flagship product, the Symmetrix, in 1990.[14]

While some of EMC's growth is credited to acquisitions of smaller companies,[15] Symmetrix was the main factor in EMC's rapid growth during the 1990s, from a firm valued in the hundreds of millions of dollars to a multi-billion dollar company.[16]

In 2009 EMC signed a two-year deal to be the principal shirt sponsor for English Rugby Union club London Wasps[17] in a deal worth £1 Million. This was later extended until the end of the 2013 season.

Michael Ruettgers joined EMC in 1988 and was CEO from 1992 until January 2001.[18] Under Ruettgers' leadership, EMC revenues grew from $120 million to nearly $9 billion 10 years later, and the company shifted its focus from memory boards to storage systems.[19] Ruettgers was named one of BusinessWeeks "World's Top 25 Executives"; one of the "Best Chief Executive Officers in America" by Worth magazine; and one of Network Worlds "25 Most Powerful People in Networking".[19]

Ahead of their acquisition by Dell, EMC gained a reputation for oppressive non-compete agreements and non-compete lobbying through AIM (Associated Industries of Massachusetts)[20][21]

Acquisition by Dell

On October 12, 2015, Dell Inc. announced its intent to acquire EMC in a cash-and-stock deal valued at $67 billion, which as of 2021 remains the largest-ever acquisition in the technology sector.[22] The combination of Dell's enterprise server, personal computer, and mobile businesses with EMC's enterprise storage business was a significant vertical merger of IT giants. Dell offered $24.05 per share of EMC, and $9.05 per share of tracking stock in VMware.[23][24][25]

On September 7, 2016, Dell Inc. completed the merger to form Dell Technologies,[26] which involved the issuance of $45.9 billion in debt and $4.4 billion common stock.[27][28] At the time, some analysts claimed that Dell's acquisition of the former Iomega could harm the LenovoEMC partnership.[29]

Starting in 2018 and more prominently in 2019, Dell began transitioning from using "Dell EMC" to "Dell Technologies" as its brand name.[30][31]

Products and services

In addition to those of the majority-owned Pivotal company, Dell EMC sells products and services, including products from other Dell Technologies companies, designed to allow IT departments to move to a cloud computing model and to analyze big data. LenovoEMC, formerly Iomega, sells storage products.[7]

Major acquisitions

The following table includes the listing and timeline of EMC Corporation's major acquisitions of other companies since 1996.

Big data projects

In 2012, EMC sponsored The Human Face of Big Data,[102] a globally crowdsourced media project focusing on the ability to collect, analyze, triangulate and visualize vast amounts of data in real-time. The Human Face of Big Data, produced by Rick Smolan and Jennifer Erwitt, includes "a number of fascinating stories ... [that] represent some of the most innovative applications of data that are shaping our future".[103]

See also

  • Connectrix

External links

References

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  2. About EMC Corporation Emc.com, retrieved 2015-10-15^
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  6. Iomega Accepts Takeover Offer The New York Times, 2008-04-09, retrieved 2020-12-04^
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  43. Todd R. Weiss. EMC Acquires SMARTS in $260M deal Computerworld, December 21, 2004^
  44. Peter Sayer. EMC offers $1.7 billion in stock for Documentum NetworkWorld, October 14, 2003^
  45. Stacy Cowley. EMC division buys Xerox askOnce Unit InfoWorld, March 16, 2004^
  46. Karen Schwartz. EMC Acquires Acartus, Adds to its Archiving Strategy eWeek, October 26, 2005^
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  51. Dawn Kawamoto. EMC Acquires Internosis CNET, January 9, 2006^
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  58. Jeffrey Schwartz. EMC Acquires Kashya, Supplier of CDP And Replication Software CRN, May 9, 2006^
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  62. Judy Mottl. EMC Buys Some Data Protection 'WysDM' Enterprise Storage Forum, April 7, 2008^
  63. Denise Dubie. EMC to Acquire ConfigureSoft InfoWorld, May 28, 2009^
  64. Grant Gross. EMC Acquires Cloud Support Vendor FastScale PCWorld, August 31, 2009^
  65. Dawn Kawamoto. EMC Acquires ProActivity CNET, June 20, 2006^
  66. Chris Preimesberger. EMC Acquires Dutch XML Company eWeek, July 20, 2007^
  67. John Conroy. EMC to Acquire Document Sciences Corp CMS Wire, January 2, 2008^
  68. Lucas Mearian. EMC to Acquire e-discovery vendor Kazeon Computerworld, September 1, 2009^
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  71. Geniant LLC Businessweek, July 9, 2007^
  72. Adam W. Couture, Alex Soejarto. EMC Extends Consulting with Acquisition of BusinessEdge Gartner Research, September 5, 2007^
  73. EMC buys a presence in European Consulting Information Age, April 10, 2008^
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  75. EMC Acquires Authentica Network Computing, March 7, 2006^
  76. Robert McMillan. EMC buys Network Intelligence InfoWorld, September 18, 2006^
  77. John Ribeiro. EMC to Acquire Indian Security Software Company InfoWorld, February 7, 2007^
  78. Dawn Kawamoto. EMC Acquires Security Company Verid CNET, June 4, 2007^
  79. Beth Pariseau. EMC Buys Tablus for Data Classification and Security SearchStorage, August 9, 2007^
  80. William Gardner. EMC Acquires Archer Technologies Network World, January 4, 2010^
  81. Deni Connor. EMC Acquires Online Backup Provider Mozy NetworkWorld, September 24, 2007^
  82. Mikael Ricknäs. EMC buys Pi to round out cloud computing unit InfoWorld, February 22, 2008^
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