Dell Technologies | Our Customers
Michael Dell famously began his company from his dorm room at the University of Texas at Austin in 1984, dropping out of college to pursue scaled production after receiving a thousand dollars of seed money from his family. Immediate success led to an IPO in 1988 and Dell remained as CEO until 2004. After three years, he returned as CEO and engineered a $24.4 billion leveraged buyout deal to take the company private again in 2013.
Never failing to surprise, Dell shocked the industry by negotiating the acquisition of EMC in the fall of 2015 for a whopping $67 billion. It’s widely believed to be the largest technology industry acquisition ever and formed the Dell Technologies brand as an umbrella. The deal was unexpected due to the sheer size of the EMC family, which includes such recognizable names as VMware, Pivotal Labs, and the once-competitor to SafeLogic, RSA Security.
For background, the EMC Corporation was founded by Richard Egan and Roger Marino (the ‘E’ and ‘M’ in ‘EMC’) in 1979 to provide memory boards. The company grew quickly, expanding its product line, reaching a multi-billion dollar valuation in the 1990s before acquiring and spawning its various holdings. Because EMC and VMware are publicly traded, Dell Technologies is a new hybrid breed of conglomerate. Dell Inc. is still privately held as one component, but VMware has been added to the family and remains publicly traded. EMC was removed from the Nasdaq, but the DVMT ticker symbol was added to the New York Stock Exchange instead. It is truly an exciting time to be working with the tech giant.