This week, Dell announced the completion of its $60M deal to acquire IT storage hardware solutions provider, EMC. The merger gave birth to Dell Technologies which is said to have a market value of $74 million.
Michael Dell, Chairman and CEO of Dell Technologies, said :
Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of Things, paving the way for our customers to do incredible things.
This is why we created Dell Technologies. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey.
The newly formed company says it blends Dell’s go-to-market strength with small business and mid-market customers and EMC’s strength in large enterprises.
Jamie Dimon, Chairman and CEO, of JPMorgan Chase, comments that the next wave of digitalization continues a trend that’s been occurring his whole lifetime.
Dimon explains :
As one of the world’s biggest users of Dell and EMC, we spend approximately $9 billion a year on technology, including infrastructure as well as cloud computing, big data analytics and cyber security.
We make sure we spend wisely and select our partners very carefully. I’ve known Michael Dell for 30 years.
I’m thrilled for Michael and the new company, and we are eager to see everything they create in the future.