EMC Corporation#AutoStart
{{Short description|Computer storage business}}
{{For|the locomotive manufacturer formerly known as EMC|Electro-Motive Diesel}}
{{Infobox company
| name = EMC Corporation
| logo = EMC Corporation logo.svg
| type = Public
| foundation = {{start date and age|1979|8}}
| founders = {{unbulleted list
| Roger Marino}}
| defunct = {{end date and age|2016|09}}
| fate = Acquired by Dell Inc., forming Dell Technologies
| location_city = Hopkinton, Massachusetts
| location_country = United States
| area_served = Worldwide
| industry = Information technology
| products =
| revenue = {{increase}} {{US$|41.224 billion|link=yes}} (2021)
| key_people = Jeff Clarke (president, Infrastructure Solutions Group, Dell EMC)
| homepage =
}}
EMC Corporation (stylized as EMC²) was an American multinational corporation headquartered in Hopkinton, Massachusetts,{{cite web|title= About EMC Corporation|url= http://www.emc.com/about/index.htm|publisher=Emc.com|archive-url= https://web.archive.org/web/20080111204419/http://www.emc.com/about/index.htm|access-date= 2015-10-15|archive-date= January 11, 2008 |url-status=dead}} which sold data storage, information security, virtualization, analytics, cloud computing and other products and services that enabled organizations to store, manage, protect, and analyze data. EMC's target markets included large companies and small- and medium-sized businesses across various vertical markets.{{cite web |url= http://www.hoovers.com/company/EMC_Corporation/rfcsri-1.html |title= EMC Corporation Company Information |publisher= Hoover's |year= 2012 |access-date= February 1, 2013}}{{cite news|last= Dignan|first= Larry|title= EMC targets mid-market, plans to undercut NetApp|url= https://www.zdnet.com/article/emc-targets-mid-market-plans-to-undercut-netapp/|access-date= 26 September 2013|newspaper= ZDNet|date= 17 January 2011}}
The company's stock (as EMC Corporation) was added to the New York Stock Exchange on April 6, 1986,{{cite web|title=EMC Corporation Announces Two-for-One Stock Split|work=Annual Meeting of Stockholders|type=Live Video Web|date=May 3, 2000|url=http://www.allbusiness.com/banking-finance/financial-markets-investing-securities/6434124-1.html|publisher=D&B AllBusiness}}{{dead link|fix-attempted=yes|date=December 2023}} and was also listed on the S&P 500 index. EMC acquired Iomega in 2008,{{Cite news |date=2008-04-09 |title=Iomega Accepts Takeover Offer |url=https://www.nytimes.com/2008/04/09/technology/09iomega.html |access-date=2020-12-04 |newspaper=The New York Times |language=en-US |issn=0362-4331 |agency=Reuters}} and a 2013 partnership with Lenovo resulted in the rebranding of Iomega as LenovoEMC.{{cite web |date=January 3, 2013 |title=Lenovo and EMC Create LenovoEMC JV to Bring Network Attached Storage to SMBs and Distributed Enterprise Sites |url=https://corporate.delltechnologies.com/en-us/newsroom/announcements/2013/01/20130103-02.htm}} EMC merged with the computer systems manufacturer Dell Inc. in 2016 to form Dell Technologies. This merger led to the joint venture with Lenovo dissolving; at that time, Forbes noted EMC's "focus on developing and selling data storage and data management hardware and software and convincing its customers to buy its products independent of their other IT buying decisions" based on "best-of-breed."{{cite magazine |magazine=Forbes
|title=A Very Short History Of EMC Corporation
|url=https://www.forbes.com/sites/gilpress/2016/09/06/a-very-short-history-of-emc-corporation
|date=September 6, 2016}} Dell used the EMC name with some of its products under the Dell EMC brand until around 2020.{{cite web
|url=https://www.forbes.com/sites/patrickmoorhead/2018/05/01/dell-technologies-world-2018-day-1-one-big-happy-family
|author=Patrick Moorhead |date=May 1, 2018
|title=Dell Technologies World 2018 Day 1: One Big Happy Family
|website=Forbes |quote=Dell EMC storage, Dell EMC PowerEdge servers, Dell EMC Data Protection, and optional Dell EMC open networking.}}{{cite web | last=Adshead | first=Antony | date=March 5, 2025 | url=https://www.computerweekly.com/feature/Dell-still-tops-the-pile-as-it-deepens-enterprise-storage-offer | title=Dell still tops the pile as it deepens enterprise storage offer | work=Computer Weekly | publisher=Informa | archiveurl=https://web.archive.org/web/20250322021917/https://www.computerweekly.com/feature/Dell-still-tops-the-pile-as-it-deepens-enterprise-storage-offer | archivedate=March 22, 2025}}
History
EMC, founded in 1979 by Richard Egan and Roger Marino (the E and M of EMC),{{cite web|url=https://www.storagenewsletter.com/2013/02/28/quiz-emc-egan-marino/|title=No "C", EMC was founded by Egan and Marino only.|date=February 28, 2013 |access-date=28 October 2020}} introduced its first 64-kilobyte (65,536 bytes) memory boards for the Prime Computer in 1981.{{cite news|url=https://www.forbes.com/forbes/2001/1126/062.html|work=Forbes|title=What's Eating EMC?|access-date=2009-07-01|date=November 26, 2001|first=Daniel|last=Lyons}}{{cite news|url=https://www.forbes.com/forbes/2001/1126/062s01.html|work=Forbes|title=Crony Capitalism|access-date=2009-10-23|date=November 26, 2001|first=Daniel|last=Lyons}} EMC continued to develop memory boards for other computer types. In the mid-1980s, the company expanded beyond memory to other computer data storage types and networked storage platforms. EMC began shipping its flagship product, the Symmetrix, in 1990.{{citation needed|date=September 2021}}
While some of EMC's growth is credited to acquisitions of smaller companies,{{cite news
| author = Gregory Huang
| title = For EMC, Three Acquisitions Lead to Three Big Products
| url = http://www.xconomy.com/boston/2014/07/08/for-emc-three-acquisitions-lead-to-three-big-products/
| access-date = 11 July 2014
| publisher = Xconomy
| date = 8 July 2014}} Symmetrix was the main factor in EMC's rapid growth during the 1990s, from a firm valued in the hundreds of millions of dollars to a multi-billion dollar company.{{cite press release|website=EMC Company Website|date=July 19, 2000|url=http://www.emc.com/about/news/press/us/earnings/20000719-469.htm|title=EMC Reports 43% Growth in Storage Revenue, First $2 Billion Quarter|archive-url=https://web.archive.org/web/20080905220357/http://www.emc.com/about/news/press/us/earnings/20000719-469.htm|archive-date=September 5, 2008|url-status=dead}}
In 2009 EMC signed a two-year deal to be the principal shirt sponsor for English Rugby Union club London Wasps{{cite web|url=https://www.marketingweek.com/emc-to-be-new-sponsor-of-london-wasps/|title=EMC to be new sponsor of London Wasps|date=August 20, 2009 }} in a deal worth £1 Million. This was later extended until the end of the 2013 season.{{citation needed|date=September 2021}}
Michael Ruettgers joined EMC in 1988 and was CEO from 1992 until January 2001.{{cite news|title=Michael Ruettgers Bio|url=https://www.forbes.com/profile/michael-ruettgers/|archive-url=https://web.archive.org/web/20131002201907/http://www.forbes.com/profile/michael-ruettgers/|url-status=dead|archive-date=October 2, 2013|work=Forbes|access-date=26 September 2013}} Under Ruettgers' leadership, EMC revenues grew from $120 million to nearly $9 billion 10 years later, and the company shifted its focus from memory boards to storage systems.{{cite web|title=High-Tech Veteran Michael Ruettgers Joins Gigamon's Board of Directors|url=http://www.gigamon.com/high-tech-veteran-michael-ruettgers-joins-gigamon-s-board-of-directors|work=Press Release|publisher=Gigamon|access-date=26 September 2013|archive-url=https://web.archive.org/web/20131002141128/http://www.gigamon.com/high-tech-veteran-michael-ruettgers-joins-gigamon-s-board-of-directors|archive-date=October 2, 2013|url-status=dead}} Ruettgers was named one of BusinessWeek{{’}}s "World's Top 25 Executives"; one of the "Best Chief Executive Officers in America" by Worth magazine; and one of Network World{{’}}s "25 Most Powerful People in Networking".
Ahead of their acquisition by Dell, EMC gained a reputation for oppressive non-compete agreements and non-compete lobbying through AIM (Associated Industries of Massachusetts){{cite news|title=Why EMC Employees Are Forming a 'Pop-Up' Union to Take Down Noncompetes|url=https://www.bizjournals.com/boston/inno/stories/news/2016/06/16/emc-pop-up-union-to-fight-noncompetes.html}}{{cite news|title=With EMC change, will Bay State be free to compete with Silicon Valley?|url=https://www.telegram.com/story/business/columns/2016/07/10/peter-s-cohan-with-emc-change-will-bay-state-be-free-to-compete-with-silicon-valley/27516604007/}}
=Acquisition by Dell=
On October 12, 2015, Dell Inc. announced its intent to acquire EMC in a cash-and-stock deal valued at $67 billion, which as of 2021 remains the largest-ever acquisition in the technology sector.{{cite news
| author1 = PCMag Staff
| title = The Biggest Tech Mergers and Acquisitions of All Time
| url = https://www.pcmag.com/news/the-biggest-tech-mergers-and-acquisitions-of-all-time
| work = PCMag
| date = 2021-04-12
| access-date = 2022-04-28
}} The combination of Dell's enterprise server, personal computer, and mobile businesses with EMC's enterprise storage business was a significant vertical merger of IT giants. Dell offered $24.05 per share of EMC, and $9.05 per share of tracking stock in VMware.{{cite news|title=Dell to Buy EMC for $67 Billion|url=https://www.wsj.com/articles/dell-to-buy-emc-for-67-billion-1444649012|access-date=12 October 2015|work=The Wall Street Journal|url-access=subscription }}{{cite news|title=In Takeover of EMC, Dell Makes Ambitious Bet|url=https://www.nytimes.com/2015/10/12/business/dealbook/dell-to-buy-emc-for-65-billion-a-record-takeover-in-technology.html|access-date=12 October 2015|work=The New York Times|date=October 12, 2015 }}{{cite news|title=Dell agrees $67bn EMC takeover|url=https://www.bbc.com/news/business-34505553|access-date=12 October 2015|work=BBC News}}
On September 7, 2016, Dell Inc. completed the merger, which involved the issuance of $45.9 billion in debt and $4.4 billion common stock.{{cite web|url=https://www.sec.gov/Archives/edgar/data/1571996/000157199617000004/delltechnologiesfy1710k.htm|title=Document|website=www.sec.gov}}{{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=Business Wire |date=September 7, 2016}} At the time, some analysts claimed that Dell's acquisition of the former
Iomega could harm the LenovoEMC partnership.{{cite news |newspaper=TheRegister (UK)
|url=https://www.theregister.com/2015/10/15/dell_emc_merger_lenovo_reselling
|title=Dell-EMC merger could leave Lenovo out in the cold – analysts
|author=Chris Mellor |date=October 15, 2015}}
Products and services
In addition to those of the majority-owned Pivotal company, Dell EMC sells products and services, including products from other Dell Technologies companies, designed to allow IT departments to move to a cloud computing model and to analyze big data. LenovoEMC, formerly Iomega, sells storage products.
| class="wikitable" | |
| Product category | Products/Services |
|---|---|
| Information Storage | PowerStore, PowerFlex, PowerMax, Unity XT, PowerVault, PowerScale, Objectscale, XtremIO, Atmos, ECS |
| Archiving, Backup, and Recovery | Avamar, DataDomain, NetWorker, RecoverPoint, Centera, SourceOne |
| Storage and Content Management | Service Assurance Suite, Appsync, PowerPath, ViPR SRM, ViPR Controller |
| Virtualization | VMware, VPLEX |
| Services | Consulting, Customer support, Education Services, Managed Services, Technology Services and Solutions |
| Security/Compliance | RSA Security, Dell SecureWorks |
| Cloud computing/Converged Infrastructure | VxBlock, VxRack, VxRail, VSPEX, Virtustream |
| Servers | PowerEdge |
| Data Computing | Greenplum, Pivotal |
Major acquisitions
The following table includes the listing and timeline of EMC Corporation's major acquisitions of other companies since 1996.
Big data projects
In 2012, EMC sponsored The Human Face of Big Data,{{cite web|title=The Human Face of Big Data|url=http://thehumanfaceofbigdata.com/|work=Website|publisher=The Human Face of Big Data|access-date=27 September 2013}} a globally crowdsourced media project focusing on the ability to collect, analyze, triangulate and visualize vast amounts of data in real-time. The Human Face of Big Data, produced by Rick Smolan and Jennifer Erwitt, includes "a number of fascinating stories ... [that] represent some of the most innovative applications of data that are shaping our future".{{cite news|last=Simon|first=Phil|title=The Human Face of Big Data: An Interview with Rick Smolan|url=http://www.huffingtonpost.com/phil-simon/the-human-face-of-big-dat_b_3094579.html|work=Blog|publisher=Huffington Post|access-date=27 September 2013|date=16 April 2013}}
See also
References
{{Reflist}}
External links
{{Commons category}}
{{Finance links historical
| name = EMC Corporation
| symbol = EMC
| sec_cik = 790070
}}
{{EMC}}
{{Dell}}
{{Major information storage companies}}
{{Authority control|state=expanded}}
{{Use American English|date=June 2015}}
{{Use mdy dates|date=June 2015}}
Category:1979 establishments in Massachusetts
Category:2016 disestablishments in Massachusetts
Category:2016 mergers and acquisitions
Category:American companies established in 1979
Category:American companies disestablished in 2016
Category:Companies based in Middlesex County, Massachusetts
Category:Hopkinton, Massachusetts
Category:Companies based in Round Rock, Texas
Category:Companies formerly listed on the New York Stock Exchange
Category:Computer companies established in 1979
Category:Computer companies disestablished in 2016
Category:Computer storage companies
Category:Customer communications management
Category:Defunct computer companies of the United States
Category:Defunct computer hardware companies
Category:Defunct software companies of the United States
Category:Software companies based in Massachusetts
Category:Software companies based in Texas
Category:Software companies established in 1979