Dell announced the completion of 60 billion US dollars acquisition of EMC merger agreement, the largest merger in the history of the birth of the scientific community.

The new company will be named as science and technology, Dell (Dell Technologies), aims to be a one-stop shop of IT business, will be based in the seat of EMC – Hopkinton, Massachusetts. The new company’s business focus will shift to cloud services, and to advance the field of server and storage consolidation. On the other hand, the global leader VMware EMC’s desktop to the data center virtualization solutions will continue to be an independent listed company.

Hopkinton, Mass.-based EMC is a company with a 36 year history of commercial data storage products company a market capitalization of about $ 50 billion. And is headquartered in Round Rock, Texas, Dell in the 1990s with cheap, customizable laptop fame, Dell in 2013 to $ 24.4 billion price is privatized. erj3ekf2743v

Dell and EMC consolidation is made in response to their respective core businesses are for the overall market decline. Computing market focus has shifted to mobile devices, servers and cloud computing.

According to IDC statistics and projections, PC shipments fell 10.4% in 2015, fell a further 7.3% in 2016. On the other hand, server, storage and network hardware market since 2014, has been in decline over the next four years is expected to decline by 1.4 percent per year.

Dell and EMC merger will achieve two complementary advantages. As the world’s third largest PC vendor Dell product very attractive for SMEs, while EMC’s storage products are obtained large enterprises pro-Lai. Analysts believe that, after the merger, Dell will be able to sell more products EMC customers.

Michael Dell said that with the enterprise computing market to new technologies and cloud services, traditional server and storage hardware market will restructure. “We know how to win in the restructuring,” he said. “We have proven in the past, we will once again prove that.” 7201k2zge

This originally October 12, 2015 announcement of the transaction took almost 11 months to complete. Dell and Silver Lake Partners (Silver Lake) Investment Group received more than 40 billion US dollars of financing through the issuance of bonds. In addition, Dell also through the sale of its IT services and software sector raised $ 5 billion.