Dell’s $ 67 billion acquisition of storage giant EMC is nearing completion

Dell expects to complete the acquisition of EMC in the coming weeks. After the transaction the combined company will become the fast-growing cloud computing market in a popular favor suppliers.

Chief Executive Michael Dell – Dell (Michael Dell) on Monday at the annual meeting EMC’s VMware appearances, he bet that companies will use Dell equipment to build a private cloud, so that employees can access the software program on a private cloud via the Internet .

- Michael Dell at VMworld Monday, said Dell is a major priority is to make private clouds easy to use.

By revenue, the combined company will become the leading cloud computing hardware market, at present the market size of $ 29 billion to low-margin hardware based. According to International Data Corporation data, 2015 Dell and EMC in this highly fragmented market holds 18.2% share of the Chinese Communist Party.

In addition to hardware, the combined company’s need to integrate multiple software products Dell and EMC departments, including VMware, Pivotal and Virtustream. Pivotal to assist software developers to develop cloud applications and services, and its customers include Ford Motor Division and General Electric Company. By Virtustream, Dell Services will help SAP SE and other suppliers of traditional enterprise software program running on the new cloud computing infrastructure.

Dell announced in October last year to $ 67 billion acquisition of storage giant EMC, the combined company is called SCIENCE Dell (Dell Technologies), PC business still be referred to Dell.

It is reported that Dell’s acquisition of EMC is the IT industry’s largest ever deal together, the two companies will be integrated computing giants. PC maker Dell & server and data storage systems and software maker EMC joined forces to build the largest IT equipment and software vendors. Enterprise computing giant is facing not only public cloud computing services, is also facing competitive pressures smartphones and tablets PC alternative technologies.

Earlier media reports said Dell EMC acquisition transaction has been approved by Chinese regulators, and cleared the last hurdle.

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