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{{short description|American multinational technology company}}
{{about|the company formed after the merger of Dell and EMC Corporation (now Dell EMC)||Dell (disambiguation)}} {{about|the company formed after the merger of Dell and EMC Corporation (now Dell EMC)||Dell (disambiguation)}}
{{Use American English|date=September 2016}} {{Use American English|date=September 2016}}
{{Use mdy dates|date=March 2019}} {{Use mdy dates|date=November 2019}}
{{Infobox company {{Infobox company
| name = Dell Technologies Inc. | name = Dell Technologies Inc.
| logo = Dell Technologies logo.svg | logo = Dell Technologies logo.svg
| logo_caption = | logo_caption =
| image = RR1- Dell Campus.jpg | image = RR1- Dell Campus.jpg
| image_caption = Headquarters in ] | image_caption = Headquarters in Round Rock, Texas
| type = ] | type = ]
| traded_as = {{New York Stock Exchange|DELL}}<br>] Component | traded_as = {{ubl|{{NYSE|DELL}} (])|] component}}
| industry = ]<br>]<br>] | industry = ]<br />]<br />]<br />]<br />] <br />]
| predecessor = ]<br>] | predecessors = ]<br />]
| founder = ] | founder = ]
| hq_location = One Dell Way, ], United States | hq_location = ], U.S.
| area_served = Worldwide | area_served = Worldwide
| key_people = ]<br>(Chairman & CEO) | key_people = Michael Dell<br />(chairman and CEO)<br />Jeff Clarke<br />(vice chairman and COO)
| products = {{hlist
| products = {{hlist | ] | ] | ] | ] | ] | ] }}
| ]
⚫ | revenue = {{increase}} US$90.62 billion (2019)<ref name=10K/>
| ]
⚫ | operating_income = {{decrease}} –US$191 million (2019)<ref name=10K/>
| ]
⚫ | net_income = {{decrease}} –US$2.31 billion (2019)<ref name=10K/>
| ]
| assets = {{increase}} US$111.8 billion (2019)<ref name=10K/>
| ] | Software}}
| equity = {{decrease}} –US$5.76 billion (2019)<ref name=10K/>
| revenue = {{decrease}} {{US$|88.4 billion|link=yes}} (2024)
⚫ | num_employees = 157,000 (2019)<ref name=10K/>
⚫ | operating_income = {{decrease}} US$5.21 billion (2024)
⚫ | divisions = ]<br>]<ref name=10K/>
⚫ | net_income = {{increase}} US$3.21 billion (2024)
| subsid = ]<br>] (70%)<br>]
⚫ | assets = {{decrease}} US$82.1 billion (2024)
⚫ | website = {{url|delltechnologies.com}}
| equity = {{increasenegative}} US$–2.3 billion (2024)
⚫ | foundation = {{start date and age|2016|09|07}} as a merger of ] and ]
⚫ | num_employees = {{circa|120,000}} (2024)
| footnotes = <ref name=10K>{{cite web | url=https://investors.delltechnologies.com/static-files/a625b64b-8633-4a91-b5c2-d05f17ab75b9 | title=Dell Technologies Inc. 2019 Form 10-K Annual Report | publisher=]}}</ref>
| divisions = {{Plainlist|
* ]
⚫ * ]
}}
| subsid = {{Plainlist|
* ]
* ] (82.6%)
* ]
}}
| owner = Michael Dell (58.9%)<ref>{{cite web | url=https://fintel.io/doc/sec/908724/000112329224000043/delltech13g.htm | title=DELL MICHAEL S - DELL / Dell Technologies Inc. / DELL MICHAEL S Passive Investment - SC 13G/A - February 13, 2024 }}</ref>
⚫ | website = {{url|dell.com}}
⚫ | founded = {{start date and age|2016|09|07}} as a merger of ] and ]
| footnotes = Financials {{as of|2024|02|02|lc=y|df=US}}.<ref name=10K>{{cite web
| url = https://www.sec.gov/ix?doc=/Archives/edgar/data/1571996/000157199624000036/dell-20240202.htm
| title = Dell Technologies Inc. FY 2024 Form 10-K Annual Report
| publisher = ]
| date = March 25, 2024}}</ref>
}} }}


'''Dell Technologies Inc.''' is an American ] ] headquartered in ]. It was formed as a result of the September 2016 merger of ] and EMC Corporation (which later became ]).<ref name="6things">{{cite news | title=The new Dell Technologies: 6 things you need to know | url=http://www.pcworld.com/article/3117631/hardware/the-new-dell-technologies-6-things-you-need-to-know.html | last=Shah | first=Agam | work=] | date=September 7, 2016}}</ref> '''Dell Technologies Inc.''' is an American ] ] headquartered in ]. It was formed as a result of the September 2016 merger of ] and EMC Corporation (which later became ]).<ref name="6things">{{cite news | title=The new Dell Technologies: 6 things you need to know | url=http://www.pcworld.com/article/3117631/hardware/the-new-dell-technologies-6-things-you-need-to-know.html | last=Shah | first=Agam | work=] | date=September 7, 2016}}</ref> Dell Technologies ranked 48th on the 2024 ] rankings of the largest United States corporations based on its 2023 revenue;<ref>{{Cite web |title=Fortune 500: Dell Technologies |url=https://fortune.com/company/dell-technologies |access-date=September 6, 2024 |work=]}}</ref> its products include personal computers, ], monitors, computer software, ] and ], as well as ] services.<ref name="6things" />

Dell's products include personal computers, ], ], televisions, computer software, ] and ], as well as ] services.<ref name=6things/> Dell ranked 35th on the 2018 ] rankings of the largest United States corporations by total revenue.<ref>{{Cite web | url=http://fortune.com/fortune500/dell-technologies/ |title=Fortune 500: Dell Technologies | work=]}}</ref>

==Current operations==
⚫ Approximately 50% of the company's revenue is derived in the United States.<ref name=10K/>

Dell operates under 3 divisions as follows:<ref name=10K/>
⚫ * ] 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
⚫ * ] Infrastructure Solutions Group (41% of fiscal 2019 revenues) – storage solutions
* ] (10% of fiscal 2019 revenues) – a publicly traded company focused on virtualization and cloud infrastructure


Dell operates under two divisions:<ref name="10K2">{{cite web |date=March 25, 2024 |title=Dell Technologies Inc. FY 2024 Form 10-K Annual Report |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1571996/000157199624000036/dell-20240202.htm |publisher=]}}</ref><ref name="TechRadarMay24">{{cite news |last=Hughes |first=Luke |date=May 31, 2024 |title=Dell plans to raise SSD and DRAM prices by up to 20% |url=https://www.techradar.com/pro/dell-plans-to-raise-ssd-and-dram-prices-by-up-to-20 |access-date=October 9, 2024 |work=Tech Radar}}</ref>
Dell also owns 5 separate businesses: ], ], ], ], and ]<ref name=10K/>
⚫ * ] Client Solutions Group (55.3% of fiscal 2024 revenues) – produces desktop PCs, notebooks, tablets, and peripherals, such as monitors, printers, and projectors under the Dell brand name
⚫ * Dell Infrastructure Solutions Group (38.3% of fiscal 2024 revenues) – servers, storage, and networking


==History== ==History==
] ]
⚫ On October 12, 2015, ] announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67 billion transaction.<ref>{{cite press release | url=http://www.businesswire.com/news/home/20151012005487/en/CORRECTING-REPLACING-Michael-S.-Dell-MSD-Partners | title=Michael S. Dell, MSD Partners and Silver Lake Lead Transaction to Combine Dell and EMC, Creating Premier End-to-End Technology Company | publisher=] | date=October 12, 2015}}</ref> It was labeled the "highest-valued tech acquisition in history".<ref>{{cite news | title=Dell agrees $67bn EMC takeover | url=https://www.bbc.com/news/business-34505553 |work=BBC News| date=October 12, 2015}}</ref> In addition to ], Singapore's ] and ] were major Dell shareholders that supported the transaction.<ref>{{cite news | title=BOOM: Dell to Acquire EMC for $67 Billion | date=October 12, 2015 | url=http://www.swfinstitute.org/swf-news/boom-dell-to-acquire-emc-for-67-billion/ | publisher=]}}</ref>


⚫ On October 12, 2015, ] announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67&nbsp;billion transaction.<ref>{{cite press release | url=http://www.businesswire.com/news/home/20151012005487/en/CORRECTING-REPLACING-Michael-S.-Dell-MSD-Partners | title=Michael S. Dell, MSD Partners and Silver Lake Lead Transaction to Combine Dell and EMC, Creating Premier End-to-End Technology Company | publisher=] | date=October 12, 2015}}</ref> It was labeled the "highest-valued tech acquisition in history".<ref>{{cite news | title=Dell agrees $67bn EMC takeover | url=https://www.bbc.com/news/business-34505553 |work=BBC News| date=October 12, 2015}}</ref> In addition to ], Singapore's ] and ] were major Dell shareholders that supported the transaction.<ref>{{cite news | title=BOOM: Dell to Acquire EMC for $67 Billion | date=October 12, 2015 | url=http://www.swfinstitute.org/swf-news/boom-dell-to-acquire-emc-for-67-billion/ | publisher=]}}</ref>
⚫ On September 7, 2016, Dell Inc. completed the merger with EMC Corp., which involved the issuance of $45.9 billion in debt and $4.4 billion common stock.<ref name=10K/><ref>{{cite press release | url=http://www.businesswire.com/news/home/20160907005946/en/Historic-Dell-EMC-Merger-Complete-Forms-World%E2%80%99s | title=Historic Dell and EMC Merger Complete; Forms World's Largest Privately-Controlled Tech Company | publisher=] | date=September 7, 2016}}</ref>


⚫ On September 7, 2016, Dell Inc. completed the merger with EMC Corp., which involved the issuance of $45.9&nbsp;billion in debt and $4.4&nbsp;billion common stock.<ref name=10K/><ref>{{cite press release | url=http://www.businesswire.com/news/home/20160907005946/en/Historic-Dell-EMC-Merger-Complete-Forms-World%E2%80%99s | title=Historic Dell and EMC Merger Complete; Forms World's Largest Privately-Controlled Tech Company | publisher=] | date=September 7, 2016}}</ref>
⚫ The ], ] Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0 billion, which was used to repay debt.<ref name=10K/> In October 2017, It was reported that Dell would invest $1 billion in IoT research and development.<ref>{{Cite web|url=http://www.businessreviewusa.com/technology/6079/Dell-Technologies-creates-new-IoT-division-as-part-of-three-year-1bn-investment|title=Dell Technologies creates new IoT division as part of three-year, $1bn investment|website=''businessreviewusa.com''|access-date=19 October 2017}}</ref><ref>{{Cite news|url=http://fortune.com/2017/10/10/dell-technologies-new-iot-division/|title=Michael Dell Vows to Invest $1 Billion over Three Years to Fund Internet of Things Business|work=Fortune|access-date=19 October 2017}}</ref><ref>{{Cite news|url=https://www.forbes.com/sites/patrickmoorhead/2017/10/17/dell-technologies-iqt-doubling-down-on-the-internet-of-things/|title=Dell Technologies IQT: Doubling Down On The Internet Of Things|last=Moorhead|first=Patrick|work=Forbes|access-date=19 October 2017}}</ref>


⚫ The ], ] Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of $7.0&nbsp;billion, which was used to repay debt.<ref name=10K/> In October 2017, It was reported that Dell would invest $1&nbsp;billion in IoT research and development.<ref>{{Cite web|url=http://www.businessreviewusa.com/technology/6079/Dell-Technologies-creates-new-IoT-division-as-part-of-three-year-1bn-investment|title=Dell Technologies creates new IoT division as part of three-year, $1bn investment|website=businessreviewusa.com|access-date=October 19, 2017|archive-date=November 20, 2017|archive-url=https://web.archive.org/web/20171120115328/http://www.businessreviewusa.com/technology/6079/Dell-Technologies-creates-new-IoT-division-as-part-of-three-year-1bn-investment|url-status=dead}}</ref><ref>{{Cite news|url=http://fortune.com/2017/10/10/dell-technologies-new-iot-division/|title=Michael Dell Vows to Invest $1 Billion over Three Years to Fund Internet of Things Business|work=Fortune|access-date=October 19, 2017}}</ref><ref>{{Cite news|url=https://www.forbes.com/sites/patrickmoorhead/2017/10/17/dell-technologies-iqt-doubling-down-on-the-internet-of-things/|title=Dell Technologies IQT: Doubling Down On The Internet Of Things|last=Moorhead|first=Patrick|work=Forbes|access-date=October 19, 2017}}</ref>
⚫ Dell Inc. had returned to private ownership in 2013, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business.<ref>{{cite news | work=] | title=Dell Makes Case to Go Private in Grim Filing | url=https://www.wsj.com/articles/SB10001424127887323501004578390692268605644 | date=March 29, 2013 |url-access=subscription }}</ref>

⚫ Dell Inc. had returned to private ownership in 2013, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business.<ref>{{cite news | work=] | title=Dell Makes Case to Go Private in Grim Filing | url=https://www.wsj.com/articles/SB10001424127887323501004578390692268605644 | date=March 29, 2013 |url-access=subscription }}</ref>


EMC was being pressured by ], a ] 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<ref>{{cite press release | url=http://www.businesswire.com/news/home/20141008005668/en/Elliott-Management-Sends-Letter-Board-Directors-EMC# | title=Elliott Management Sends Letter to Board of Directors of EMC Corporation | publisher=] | date=October 8, 2014}}</ref> this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II and ] products was confusing the market and hindering both companies. EMC was being pressured by ], a ] 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<ref>{{cite press release | url=http://www.businesswire.com/news/home/20141008005668/en/Elliott-Management-Sends-Letter-Board-Directors-EMC# | title=Elliott Management Sends Letter to Board of Directors of EMC Corporation | publisher=] | date=October 8, 2014}}</ref> this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II and ] products was confusing the market and hindering both companies.
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'']'' estimated that in 2014 Dell had revenue of $27.3&nbsp;billion from personal computers and $8.9&nbsp;billion from servers, while EMC had $16.5&nbsp;billion from EMC II, $1bn from ], $6bn from ], and $230&nbsp;million from ].<ref name="WSJ-2015-10-13">{{cite news | newspaper=] | title=EMC Takeover Marks Return of Michael Dell | url=https://www.wsj.com/articles/dell-to-buy-emc-for-67-billion-1444649012 | date = October 13, 2015 }}</ref> '']'' estimated that in 2014 Dell had revenue of $27.3&nbsp;billion from personal computers and $8.9&nbsp;billion from servers, while EMC had $16.5&nbsp;billion from EMC II, $1bn from ], $6bn from ], and $230&nbsp;million from ].<ref name="WSJ-2015-10-13">{{cite news | newspaper=] | title=EMC Takeover Marks Return of Michael Dell | url=https://www.wsj.com/articles/dell-to-buy-emc-for-67-billion-1444649012 | date = October 13, 2015 }}</ref>


EMC owned around 80% of the stock of ].<ref name="FT-Lex-2015-10-12">{{cite news | title=Dell-EMC: The empty shop | newspaper=] | date=October 12, 2015 | url=http://www.ft.com/cms/s/3/abfd601e-7102-11e5-ad6d-f4ed76f0900a.html }}</ref> The acquisition maintained VMware as a separate company, held via a new ], while the rest of EMC were rolled into Dell.<ref name="FT-2015-10-12">{{cite news | title=Dell agrees $63bn acquisition of EMC | newspaper=] | date=October 12, 2015 | url=http://www.ft.com/cms/s/0/170fa5f2-708a-11e5-9b9e-690fdae72044.html |url-access=subscription }}</ref> EMC owned around 80% of the stock of ].<ref name="FT-Lex-2015-10-12">{{cite news | title=Dell-EMC: The empty shop | newspaper=] | date=October 12, 2015 | url=http://www.ft.com/cms/s/3/abfd601e-7102-11e5-ad6d-f4ed76f0900a.html }}</ref> The acquisition maintained ] as a separate company, held via a new ], while the rest of EMC were rolled into Dell.<ref name="FT-2015-10-12">{{cite news | title=Dell agrees $63bn acquisition of EMC | newspaper=] | date=October 12, 2015 | url=http://www.ft.com/cms/s/0/170fa5f2-708a-11e5-9b9e-690fdae72044.html |url-access=subscription }}</ref>


The acquisition required Dell to publish quarterly financial results, having ceased these on going private in 2013.<ref>{{cite news | url=https://www.bloomberg.com/news/articles/2015-10-21/dell-cfo-reluctantly-accepts-public-disclosures-with-emc-deal | title=Dell CFO Reluctantly Accepts Public Disclosures With EMC Deal | first=Brian | last=Womack | publisher=] | date=October 21, 2015}}</ref> The acquisition required Dell to publish quarterly financial results, having ceased these on going private in 2013.<ref>{{cite news | url=https://www.bloomberg.com/news/articles/2015-10-21/dell-cfo-reluctantly-accepts-public-disclosures-with-emc-deal | title=Dell CFO Reluctantly Accepts Public Disclosures With EMC Deal | first=Brian | last=Womack | publisher=] | date=October 21, 2015}}</ref>
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Dell Technologies has products and services in the field of ], ] and ].<ref name="WSJ-2015-10-13"/><ref name="Economist-2015-10-12">{{cite news | magazine=] | title=The merger of Dell and EMC stems from the rise of cloud computing | url=https://www.economist.com/news/business/21673523-clouded-marriage-merger-dell-and-emc-more-proof-it-industry-shifting | date=October 12, 2015}}</ref> Dell Technologies has products and services in the field of ], ] and ].<ref name="WSJ-2015-10-13"/><ref name="Economist-2015-10-12">{{cite news | magazine=] | title=The merger of Dell and EMC stems from the rise of cloud computing | url=https://www.economist.com/news/business/21673523-clouded-marriage-merger-dell-and-emc-more-proof-it-industry-shifting | date=October 12, 2015}}</ref>


In February 2018, McLaren announced a multi-year partnership deal with Dell Technologies.<ref>{{Cite web |title=McLaren Racing - McLaren and Dell Technologies form wide-ranging partnership |url=https://www.mclaren.com/racing/partners/dell-technologies/mclaren-and-dell-technologies-form-wide-ranging-partnership/ |access-date=2022-11-18 |website=www.mclaren.com |language=en}}</ref> The partnership deal was extended in October 2021.<ref>{{Cite web |title=McLaren Racing - McLaren Racing and Dell Technologies announce multi-year extension |url=https://www.mclaren.com/racing/partners/dell-technologies/mclaren-racing-and-dell-technologies-announce-multi-year-extension/ |access-date=2022-11-18 |website=www.mclaren.com |language=en}}</ref>
⚫ ===IPO===
⚫ On 9/11, it was reported that Dell Technologies was considering a ] with its ] subsidiary in order to take the company public.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2018-01-29/vmware-plunges-on-report-it-may-acquire-dell-in-reverse-merger|title=VMware Plunges on Report It May Acquire Dell in Reverse Merger|date=January 29, 2018|publisher=Bloomberg L.P.|access-date=29 January 2018}}</ref>


On April 15, 2021, it was reported that Dell Technologies will spin out the remainder of its VMware shares to shareholders. The two companies will continue to operate without major changes for at least five years.<ref>{{Cite web|last=Sharwood|first=Simon|title=Dell to spin out remaining VMware stake, cements Friends With Benefits status for at least five years|url=https://www.theregister.com/2021/04/15/dell_spins_out_vmware/|access-date=2021-04-15|website=]|language=en}}</ref>
⚫ On December 28, 2018, Dell Technologies became a ], bypassing the traditional ] process by buying back shares that tracked the financial performance of ].<ref>{{Cite news|url=https://venturebeat.com/2018/12/28/dell-returns-to-public-markets-after-6-years/ |title=Dell returns to public markets after 6 years |agency=Reuters |access-date=28 December 2018 }}</ref>


⚫ As of FY 2024, approximately 50% of the company's revenue is derived in the United States.<ref name="10K2" />

⚫ ===IPO===
⚫ On January 29, 2018, it was reported that Dell Technologies was considering a ] with its ] subsidiary to take the company public.<ref>{{Cite news|url=https://www.bloomberg.com/news/articles/2018-01-29/vmware-plunges-on-report-it-may-acquire-dell-in-reverse-merger|title=VMware Plunges on Report It May Acquire Dell in Reverse Merger|date=January 29, 2018|publisher=Bloomberg L.P.|access-date=January 29, 2018}}</ref>

⚫ On December 28, 2018, Dell Technologies became a public company, bypassing the traditional ] process by buying back shares that tracked the financial performance of ].<ref>{{Cite news|url=https://venturebeat.com/2018/12/28/dell-returns-to-public-markets-after-6-years/ |title=Dell returns to public markets after 6 years |agency=Reuters |access-date=December 28, 2018 }}</ref><ref>{{Cite web |date=2023-07-27 |title=Bread Financial's credit sales fall 13% in cooling economy |url=https://www.americanbanker.com/payments/news/bread-financials-credit-sales-fall-13-in-cooling-economy |access-date=2024-11-04 |website=American Banker |language=en}}</ref>
==References== ==References==
{{reflist}} {{Reflist}}


==External links== ==External links==
* {{Official website|https://www.delltechnologies.com/}} * {{Official website|https://www.dell.com}}
{{Finance links {{Finance links
| name = Dell Technologies | name = Dell Technologies Inc.
| symbol = DELL | symbol = DELL
| reuters = DELL.N | reuters = DELL.N
| bloomberg = DELL:US | bloomberg = DELL:US
| sec_cik = DELL | sec_cik = 1571996
| yahoo = DELL | yahoo = DELL
| google = DELL | google = DELL:NYSE
}} }}


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}} }}


{{authority control}} {{authority control|state=expanded}}


] ]
] ]
] ]
]
] ]
] ]
⚫ ]
] ]
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Latest revision as of 12:28, 3 January 2025

American multinational technology company This article is about the company formed after the merger of Dell and EMC Corporation (now Dell EMC). For other uses, see Dell (disambiguation).

Dell Technologies Inc.
Headquarters in Round Rock, Texas
Company typePublic
Traded as
IndustryComputer hardware
Software
Cloud computing
Data storage
Information security
Consulting
PredecessorsDell
EMC Corporation
FoundedSeptember 7, 2016; 8 years ago (2016-09-07) as a merger of EMC Corporation and Dell Inc.
FounderMichael Dell
HeadquartersRound Rock, Texas, U.S.
Area servedWorldwide
Key peopleMichael Dell
(chairman and CEO)
Jeff Clarke
(vice chairman and COO)
Products
RevenueDecrease US$88.4 billion (2024)
Operating incomeDecrease US$5.21 billion (2024)
Net incomeIncrease US$3.21 billion (2024)
Total assetsDecrease US$82.1 billion (2024)
Total equityNegative increase US$–2.3 billion (2024)
OwnerMichael Dell (58.9%)
Number of employeesc. 120,000 (2024)
Divisions
Subsidiaries
Websitedell.com
Footnotes / references
Financials as of February 2, 2024.

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). Dell Technologies ranked 48th on the 2024 Fortune 500 rankings of the largest United States corporations based on its 2023 revenue; its products include personal computers, servers, monitors, computer software, computer security and network security, as well as information security services.

Dell operates under two divisions:

  • Dell Client Solutions Group (55.3% of fiscal 2024 revenues) – produces desktop PCs, notebooks, tablets, and peripherals, such as monitors, printers, and projectors under the Dell brand name
  • Dell Infrastructure Solutions Group (38.3% of fiscal 2024 revenues) – servers, storage, and networking

History

Dell–EMC merger wordmark introduced in 2016

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.

On September 7, 2016, Dell Inc. completed the merger with EMC Corp., which involved the issuance of $45.9 billion in debt and $4.4 billion common stock.

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.

Dell Inc. had returned to private ownership in 2013, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business.

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.

EMC owned around 80% of the stock of VMware. The acquisition maintained VMware as a separate company, held via a new tracking stock, while the rest of EMC were rolled into Dell.

The acquisition required Dell to publish quarterly financial results, having ceased these on going private in 2013.

Dell Technologies has products and services in the field of scale-out architecture, converged infrastructure and private cloud computing.

In February 2018, McLaren announced a multi-year partnership deal with Dell Technologies. The partnership deal was extended in October 2021.

On April 15, 2021, it was reported that Dell Technologies will spin out the remainder of its VMware shares to shareholders. The two companies will continue to operate without major changes for at least five years.

As of FY 2024, approximately 50% of the company's revenue is derived in the United States.

IPO

On January 29, 2018, it was reported that Dell Technologies was considering a reverse merger with its VMware subsidiary to take the company public.

On December 28, 2018, Dell Technologies became a public company, bypassing the traditional IPO process by buying back shares that tracked the financial performance of VMware.

References

  1. "DELL MICHAEL S - DELL / Dell Technologies Inc. / DELL MICHAEL S Passive Investment - SC 13G/A - February 13, 2024".
  2. ^ "Dell Technologies Inc. FY 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 25, 2024.
  3. ^ Shah, Agam (September 7, 2016). "The new Dell Technologies: 6 things you need to know". PC World.
  4. "Fortune 500: Dell Technologies". Fortune. Retrieved September 6, 2024.
  5. ^ "Dell Technologies Inc. FY 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. March 25, 2024.
  6. Hughes, Luke (May 31, 2024). "Dell plans to raise SSD and DRAM prices by up to 20%". Tech Radar. Retrieved October 9, 2024.
  7. "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.
  8. "Dell agrees $67bn EMC takeover". BBC News. October 12, 2015.
  9. "BOOM: Dell to Acquire EMC for $67 Billion". Sovereign Wealth Fund Institute. October 12, 2015.
  10. "Historic Dell and EMC Merger Complete; Forms World's Largest Privately-Controlled Tech Company" (Press release). Business Wire. September 7, 2016.
  11. "Dell Technologies creates new IoT division as part of three-year, $1bn investment". businessreviewusa.com. Archived from the original on November 20, 2017. Retrieved October 19, 2017.
  12. "Michael Dell Vows to Invest $1 Billion over Three Years to Fund Internet of Things Business". Fortune. Retrieved October 19, 2017.
  13. Moorhead, Patrick. "Dell Technologies IQT: Doubling Down On The Internet Of Things". Forbes. Retrieved October 19, 2017.
  14. "Dell Makes Case to Go Private in Grim Filing". The Wall Street Journal. March 29, 2013.
  15. "Elliott Management Sends Letter to Board of Directors of EMC Corporation" (Press release). Business Wire. October 8, 2014.
  16. ^ "EMC Takeover Marks Return of Michael Dell". The Wall Street Journal. October 13, 2015.
  17. "Dell-EMC: The empty shop". Financial Times. October 12, 2015.
  18. "Dell agrees $63bn acquisition of EMC". Financial Times. October 12, 2015.
  19. Womack, Brian (October 21, 2015). "Dell CFO Reluctantly Accepts Public Disclosures With EMC Deal". Bloomberg L.P.
  20. "The merger of Dell and EMC stems from the rise of cloud computing". The Economist. October 12, 2015.
  21. "McLaren Racing - McLaren and Dell Technologies form wide-ranging partnership". www.mclaren.com. Retrieved November 18, 2022.
  22. "McLaren Racing - McLaren Racing and Dell Technologies announce multi-year extension". www.mclaren.com. Retrieved November 18, 2022.
  23. 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.
  24. "VMware Plunges on Report It May Acquire Dell in Reverse Merger". Bloomberg L.P. January 29, 2018. Retrieved January 29, 2018.
  25. "Dell returns to public markets after 6 years". Reuters. Retrieved December 28, 2018.
  26. "Bread Financial's credit sales fall 13% in cooling economy". American Banker. July 27, 2023. Retrieved November 4, 2024.

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