Dell Technologies Inc. is an American multinational technology company headquartered in Round Rock, Texas. It was formed as a result of the September 2016 merger of Dell and EMC Corporation (which later became Dell EMC).
|Founded||September 7, 2016 as a merger of EMC Corporation and Dell Inc.|
|Headquarters||One Dell Way, Round Rock, Texas, U.S.|
(Chairman and CEO)
(Vice Chairman and COO)
|Revenue||US$94.224 billion (2021)|
|US$5.144 billion (2021)|
|US$3.505 billion (2021)|
|Total assets||US$123.415 billion (2021)|
|Total equity||US$7.553 billion (2021)|
Number of employees
|Footnotes / references|
Dell's products include personal computers, servers, smartphones, televisions, computer software, computer security and network security, as well as information security services. Dell ranked 35th on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue.
- Dell Client Solutions Group (48% of fiscal 2019 revenues) – produces desktop PCs, notebooks, tablets, and peripherals, such as monitors, printers, and projectors under the Dell brand name
- Dell EMC Infrastructure Solutions Group (41% of fiscal 2019 revenues) – servers, storage, and networking
Dell divested its ownership in VMware (80%) and Pivotal Software, but owns other businessnes such as Secureworks, Virtustream, and Dell Boomi.
On October 12, 2015, Dell announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67 billion transaction. It was labeled the "highest-valued tech acquisition in history". In addition to Michael Dell, Singapore's Temasek Holdings and Silver Lake Partners were major Dell shareholders that supported the transaction.
The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt. In October 2017, It was reported that Dell would invest $1 billion in IoT research and development.
EMC was being pressured by Elliott Management Corporation, a hedge fund holding 2.2% of EMC's stock, to reorganize the unusual "Federation" structure, in which EMC's divisions were effectively being run as independent companies. Elliott argued this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II and VMware products was confusing the market and hindering both companies.
The Wall Street Journal estimated that in 2014 Dell had revenue of $27.3 billion from personal computers and $8.9 billion from servers, while EMC had $16.5 billion from EMC II, $1bn from RSA Security, $6bn from VMware, and $230 million from Pivotal Software.
Dell Technologies has products and services in the field of scale-out architecture, converged infrastructure and private cloud computing.
On April 15, 2021, it was reported that Dell Technologies will spin out remaining of its VMware shares to shareholders and the two companies will continue to operate without major changes for at least five years.
On January 29, 2018, it was reported that Dell Technologies was considering a reverse merger with its VMware subsidiary to take the company public.
- "Dell Technologies Inc. 2021 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 27, 2021.
- Shah, Agam (September 7, 2016). "The new Dell Technologies: 6 things you need to know". PC World.
- "Fortune 500: Dell Technologies". Fortune.
- "Dell Technologies Inc". CNN Business. Retrieved March 8, 2021.
- Haranas, Mark (January 14, 2021). "Michael Dell On VMware Spin-Off: 'Nothing Changes' With Gelsinger Leaving". CRN. Retrieved April 4, 2021.
- "VMware and Pivotal". VMware. Retrieved April 4, 2021.
- "Michael S. Dell, MSD Partners and Silver Lake Lead Transaction to Combine Dell and EMC, Creating Premier End-to-End Technology Company" (Press release). Business Wire. October 12, 2015.
- "Dell agrees $67bn EMC takeover". BBC News. October 12, 2015.
- "BOOM: Dell to Acquire EMC for $67 Billion". Sovereign Wealth Fund Institute. October 12, 2015.
- "Historic Dell and EMC Merger Complete; Forms World's Largest Privately-Controlled Tech Company" (Press release). Business Wire. September 7, 2016.
- "Dell Technologies creates new IoT division as part of three-year, $1bn investment". businessreviewusa.com. Retrieved October 19, 2017.
- "Michael Dell Vows to Invest $1 Billion over Three Years to Fund Internet of Things Business". Fortune. Retrieved October 19, 2017.
- Moorhead, Patrick. "Dell Technologies IQT: Doubling Down On The Internet Of Things". Forbes. Retrieved October 19, 2017.
- "Dell Makes Case to Go Private in Grim Filing". The Wall Street Journal. March 29, 2013.
- "Elliott Management Sends Letter to Board of Directors of EMC Corporation" (Press release). Business Wire. October 8, 2014.
- "EMC Takeover Marks Return of Michael Dell". The Wall Street Journal. October 13, 2015.
- "Dell-EMC: The empty shop". Financial Times. October 12, 2015.
- "Dell agrees $63bn acquisition of EMC". Financial Times. October 12, 2015.
- Womack, Brian (October 21, 2015). "Dell CFO Reluctantly Accepts Public Disclosures With EMC Deal". Bloomberg L.P.
- "The merger of Dell and EMC stems from the rise of cloud computing". The Economist. October 12, 2015.
- Sharwood, Simon. "Dell to spin out remaining VMware stake, cements Friends With Benefits status for at least five years". The Register. Retrieved April 15, 2021.
- "VMware Plunges on Report It May Acquire Dell in Reverse Merger". Bloomberg L.P. January 29, 2018. Retrieved January 29, 2018.
- "Dell returns to public markets after 6 years". Reuters. Retrieved December 28, 2018.
- Business data for Dell Technologies: