Tech company Dell recently unveiled its plans to acquire EMC for a record $67 billion. Should this acquisition come into fruition, it will create a wide array of businesses which will be then called Dell Technologies.
Dell, which will continue the company's client business, will operate under that umbrella company. These businesses will include its PC division. On the other hand, the company's enterprise infrastructure division will be called Dell EMC. All these information were revealed by Dell chairman and chief executive officer Michael Dell.
Dell claims that the company will be the only one that will sell everything from core data centers, cloud infrastructure and edge devices. Dell added that what his company aims to achieve is to provide customers with a single platform where they can do everything.
Dell Technologies will merge the current Dell company and all of EMC's core information infrastructure storage division. The merger will also add services like Pivotal, VMware, Virtustream, EMC's RSA division, and Dell's SecureWorks into the Dell Technologies' portfolio.
Although the acquisition has yet been finalized, Dell said that they are still on track following the original terms of agreements and timeline. Additionally, the deal will still require shareholder approvals and a regulatory inspection.
Tech analysts believe that EMC's decision to join Dell is to take advantage of the latter's well-established cloud infrastructure. Once the acquisition is finalized, the company is expected to delve deeper into the development of the Internet of Things platform.
Considering the products and services provided by Dell and EMC, tech experts believe that storage will remain as the top priority once the deal is completed. EMC might be looking to upgrade its existing enterprise storage system and integrate it into Dell's cloud infrastructure, according to Forbes.
In a statement acquired by PC World, EMC chairman and chief executive officer Joe Tucci said, "We have to rediscover the art of writing software. That's going to take IT to new heights, and you'll see IT budgets go up significantly."
Should the deal between Dell and EMC is approved, it will go down as the biggest tech deal in history.