Dell-EMC Deal

  • $67 billion Dell-EMC deal closes today

    $67 billion Dell-EMC deal closes today

    Last Fall, rumors began circulating that Dell was interested in acquiring EMC. On October 12th, the rumors proved true when Dell announced it was buying EMC for an astonishing $67 billion, a record price for a tech acquisition. Almost a year later, for better or worse (richer or poorer), that deal is official today. While the parties might like to frame this as a deal with little drama, the… Read More

  • Confirmed: Dell sells software division to Francisco Partners and Elliott Management

    Confirmed: Dell sells software division to Francisco Partners and Elliott Management

    TechCrunch has confirmed that Francisco Partners and Elliott Management have agreed to acquire Dell’s software division. Elliott Management, Francisco Partners and Dell issued a joint press release confirming the acquisition this morning. Rumors about this acquisition were first reported by Reuters over night. The deal involves Quest Software and SonicWALL and could include… Read More

  • Pivotal confirms Series C round is actually over $650 million

    Pivotal confirms Series C round is actually over $650 million

    Pivotal filed a Form D last week with the SEC, indicating that last week’s $253 million round was actually closer to $653 million. Where did the extra money come from? Well, existing investors EMC converted $400 million in debt to equity to account for the additional money recorded in the SEC form, according to a Pivotal spokesperson. It’s actually quite interesting that EMC, which… Read More

  • Pivotal scores $253 million Series C led by Ford on hefty $2.8 billion valuation

    Pivotal scores $253 million Series C led by Ford on hefty $2.8 billion valuation

    Pivotal has a couple of new friends with big wallets. Today it announced that Ford and Microsoft were joining EMC, VMware and GE as investment partners on a massive $253 million Series C investment with a whopping $2.8 billion valuation. It’s not a coincidence that Pivotal has been working closely with Ford over the last year to help it in its own transformation from a car company to… Read More

  • Michael Dell reveals new branding scheme for the Dell-EMC conglomeration

    Michael Dell reveals new branding scheme for the Dell-EMC conglomeration

    Michael Dell today revealed the new names, and yes we are talking multiple names, for the artist formerly known as the Dell-EMC deal. EMC will be deprecated for the main branding Dell Technologies, but will live on for the enterprise brand Dell EMC while the client services business will be called Dell, Inc. according to multiple reports. Confused? I’m sure you’re not… Read More

  • Dell’s SecureWorks stumbles in first tech IPO of the year

    It has been a dry year for tech IPOs. Up until today’s SecureWorks offering, there had been zero in the U.S. in 2016. Zero. This compares to seven in the same period last year and 24 in that timeframe the year before. So tech investors and late-stage private companies were watching SecureWorks closely, to see if the tech IPO window would reopen. It is one of the few indications we have… Read More

  • Rumors swirl EMC wants to dump Documentum ahead of Dell acquisition

    Rumors swirl EMC wants to dump Documentum ahead of Dell acquisition

    Rumors are flying today that to nobody’s surprise, EMC and by extension its new sugar Daddy Dell are looking to dump dowdy Documentum, the company’s enterprise content management product. It’s worth noting up front that in email to EMC asking for a comment on the story, a spokesperson had this to say: “Not commenting on speculation.” You can’t get much… Read More

  • NTT to buy Dell’s services division for $3.05 billion

    NTT to buy Dell’s services division for $3.05 billion

    You may know Dell as a computer and server maker, but Dell also operates a substantial IT services division — at least it did until today. NTT Data, the IT services company of NTT, is acquiring Dell Systems for $3.05 billion. The main reason why Dell sold off its division is that the company needs cash, and quickly. When Dell acquired EMC for $67 Read More

  • 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

  • Pivotal Teams With Lean Startup Founder Eric Ries To Help Big Companies Get More Innovative

    Pivotal Teams With Lean Startup Founder Eric Ries To Help Big Companies Get More Innovative

    Pivotal, the company launched by EMC, VMware and GE to help companies in their quest for digital transformation, announced today that it was bringing in Eric Ries, the man behind the Lean Startup movement, as entrepreneur-in-residence. Ries’ methodology, which he defined in a 2011 book by the same name, has received praise from a who’s who of technology folks from Geoffrey Moore to… Read More

  • VMware Confirms Layoffs In Earnings Statement As It Prepares For Dell Acquisition

    VMware Confirms Layoffs In Earnings Statement As It Prepares For Dell Acquisition

    VMware confirmed that it was laying off 800 employees today as part of its fourth quarter earnings statement. The layoffs had been originally reported by Fortune last week. The move appears to be part of the ongoing dance among EMC federated companies prior to the Dell acquisition expected to go through later this year. Dell announced it was buying EMC in October for $67 billion. EMC owns… 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

  • More Fodder For Dell-EMC Deal As Pivotal Buys UK-Based CloudCredo

    More Fodder For Dell-EMC Deal As Pivotal Buys UK-Based CloudCredo

    The Dell-EMC deal has had so many moving pieces since it was announced in October, it’s hard to tell the players without a score card. This morning, Pivotal, which is jointly owned by EMC and VMware (and General Electric) announced it was buying CloudCredo, a Cloud Foundry service provider based in the UK. The deal also includes stayUp, a log analysis company partly owned by… Read More

  • Dell Subsidiary SecureWorks Files To Go Public, Shows Ramping Losses

    Dell Subsidiary SecureWorks Files To Go Public, Shows Ramping Losses

    Today Dell subsidiary SecureWorks filed to go public, showing expanding revenue, and ramping losses. Dell, then a public company, acquired SecureWorks in 2011 for a reported $612 million. TechCrunch reported in October that SecureWorks had filed for an IPO privately. The company’s S-1 filing, released today, fits into that timing. Before we get into the numbers, keep in mind the… 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