EMC

  • EMC CEO Tucci Maintains Deal With Dell Still On Track To Close Later This Year

    EMC CEO Tucci Maintains Deal With Dell Still On Track To Close Later This Year

    EMC CEO Joe Tucci, responding to an analyst’s question on this morning’s earnings call about the status of the Dell deal, let it be known in no uncertain terms that the deal is going forward as planned. Responding to a question (which starts at around the 39 minute mark) from Maynard Um of Wells Fargo, Tucci admitted that there has been a lot of noise about possible pitfalls in… Read More

  • EMC Confirms Layoffs As Cost-Cutting Measures Begin Ahead Of Dell Acquisition

    EMC Confirms Layoffs As Cost-Cutting Measures Begin Ahead Of Dell Acquisition

    Some EMC employees got some harsh news this week as anticipated layoffs have begun at the Massachusetts company. A company spokesperson confirmed the news, but declined to offer a specific number of affected employees. CRN first reported the news. At the end of last month EMC telegraphed the move when it filed paperwork with The SEC. At the time, the company indicated that it would… Read More

  • Plot Thickens In Dell-EMC Deal As VMware Announces It’s Walking Away From Virtustream Deal With EMC

    Plot Thickens In Dell-EMC Deal As VMware Announces It’s Walking Away From Virtustream Deal With EMC

    Ah, nothing goes easy with that $67 billion Dell-EMC deal, does it? Today the plot thickened a bit more when VMware announced in a filing with the SEC that it was walking away from the agreement with EMC to form Virtustream as a jointly owned company. Re/code first reported this news. This whole deal has from the start been a fairly complex tale, and like the movie Groundhog Day, one we… Read More

  • Dell-EMC Deal All Systems Go As ‘Go Shop’ Provision Expires

    Dell-EMC Deal All Systems Go As ‘Go Shop’ Provision Expires

    When EMC and Dell announced their $67 billion deal in October, there was an interesting provision in the agreement — language that allowed EMC to continue shopping for a better deal. This ‘Go Shop’ clause expired last night. The likelihood that anyone was ever going to step up and give EMC more than the $67 billion it negotiated with Dell was always remote at best, and… Read More

  • Dell Could Be Shopping Some Assets To Help Relieve EMC Deal Debt Load

    Dell Could Be Shopping Some Assets To Help Relieve EMC Deal Debt Load

    Since Dell announced its intention to buy EMC for $67 billion in October, there has been a lot of speculation about how the company was going to pay off the massive $40 billion debt it used to finance the deal. I wrote about some of the EMC assets Dell might consider selling to help offset the huge obligation. Other rumors have had the company selling off its PC business to HP, but it turns… Read More

  • Dell-EMC Deal Facing Issues On Multiple Fronts

    Dell-EMC Deal Facing Issues On Multiple Fronts

    When the news broke in early October that Dell was planning on buying EMC for a whopping $67 billion, more than a few jaws dropped (including mine), but in the weeks since, reports have surfaced about multiple problems from tax issues to VMware’s plunging stock price and the post-deal creation of Virtustream. It’s too soon to say the deal is in jeopardy, but there are enough… Read More

  • Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Even while the Dell-EMC deal seemingly moves forward, there is still plenty of maneuvering going on at EMC. A couple of weeks ago VMware announced it was creating a new company called Virtustream that will be jointly owned with EMC, and just yesterday a re/code report suggested that Pivotal, another EMC-VMware joint venture, could IPO in early 2016. All of this is further complicated… Read More

  • Is Dell-EMC The Canary In The Coal Mine For More Enterprise M&A?

    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

  • EMC And VMware Spin Out Virtustream As Jointly Owned Company

    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

  • Dell Needs To Decide What To Keep And What To Sell After EMC Deal

    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

  • VMware Reports Q3 Sales Of $1.67B, Stock Drops After Dell Offers $67B For EMC

    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

  • Dell Buys EMC For $67B In Largest Deal In Tech History

    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… Read More

  • EMC-Dell Rumors Could Be About Storage Giant Exiting On Its Own Terms

    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

  • Cloud Security Platform Zscaler Raises A $100M Series B Round Led By TPG, Now Valued At Over $1B

    Cloud Security Platform Zscaler Raises A $100M Series B Round Led By TPG, Now Valued At Over $1B

    Security platform Zscaler today announced that it has raised a $100 million Series B funding round led by late stage investor TPG. The company, which offers a wide range of web, mobile and cloud security services for enterprises, has now raised a total of $138 million and says that its valuation in this last round was over $1 billion. Other investors include EMC and previous investor… Read More

  • EMC Sells Cloud Sync And Share Product Syncplicity To Private Equity Firm

    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

  • EMC Continues Shift To Cloud With $1.2B Virtustream Purchase

    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

  • EMC Partners With Hippo To Gain Customer Experience Management Foothold

    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

  • EMC Frantically Pivots To The Cloud

    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

  • EMC Cloudscaling Purchase Is One More Attempt To Stay Relevant

    EMC Cloudscaling Purchase Is One More Attempt To Stay Relevant

    While rumors have been flying that EMC has been trying to execute a merger with fellow computing giant HP, it threw a bit of a curve this week when it bought cloud startup Cloudscaling. Just when you’re thinking EMC might be irrelevant, it makes a move that suggests the company is still forging ahead. While EMC is at its core a storage company, it owns lots of enterprise pieces and… Read More

  • Egnyte Integrates Its Hybrid Cloud Storage Service With EMC’s On-Premises Hardware

    Egnyte, a company that sells a hybrid cloud storage product, today announced integration with EMC’s VNX line of on-premises data storage hardware. The deal means that companies that have invested heavily in EMC hardware can use Egnyte on top of their current hardware stack, and get the normal benefits of cloud storage and file management without having to leave their legacy data behind. Read More

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