 | |
 Headquarters in Round Rock, Texas | |
| Company type | Public |
|---|---|
| Industry | Computer hardware Software Cloud computing Data storage Information security Consulting |
| Predecessors | Dell EMC Corporation |
| Founded | September 7, 2016; 8 years ago (2016-09-07) as a merger ofEMC Corporation andDell Inc. |
| Founder | Michael Dell |
| Headquarters | Round Rock, Texas, U.S. |
Area served | Worldwide |
Key people | Michael Dell (chairman and CEO) Jeff Clarke (vice chairman and COO) |
| Products | |
| Revenue |  US$88.4 billion (2024) |
| US$5.21 billion (2024) | |
 US$3.21 billion (2024) | |
| Total assets | US$82.1 billion (2024) |
| Total equity |  US$–2.3 billion (2024) |
| Owner | Michael Dell (58.9%)[1] |
Number of employees | c. 120,000 (2024) |
| Divisions | |
| Subsidiaries |
|
| Website | dell |
| Footnotes / references Financials as of February 2, 2024[update].[2] | |
Dell Technologies Inc. is an Americanmultinationaltechnology company headquartered inRound Rock, Texas. It was formed as a result of the September 2016 merger ofDell and EMC Corporation (which later becameDell EMC).[3] Dell Technologies ranked 48th on the 2024Fortune 500 rankings of the largest United States corporations based on its 2023 revenue;[4] its products include personal computers,servers, monitors, computer software,computer security andnetwork security, as well asinformation security services.[3]
Dell Technologies' predecessor 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.[5]
EMC was being pressured byElliott Management Corporation, ahedge 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[6] this structure deeply undervalued EMC's core "EMC II" data storage business, and that increasing competition between EMC II andVMware 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 fromRSA Security, $6bn fromVMware, and $230 million fromPivotal Software.[7]On October 12, 2015,Dell announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67 billion transaction.[8] It was then the largest acquisition in technology sector history.[9] In addition toMichael Dell, Singapore'sTemasek Holdings andSilver Lake Partners were major Dell shareholders that supported the transaction.[10] The deal to buy EMC was closed on September 7, 2016. It reportedly generated about $40 billion in debt for Dell.[11]
TheDell 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.[2] In October 2017, It was reported that Dell would invest $1 billion in IoT research and development.[12][13][14]
EMC owned around 80% of the stock ofVMware.[15] The acquisition maintainedVMware as a separate company, held via a newtracking stock, while the rest of EMC were rolled into Dell.[16]
The acquisition required Dell to publish quarterly financial results, having ceased these on going private in 2013.[17]
In 2018, Dell had a racing partnership with British racing teamMcLaren, providing processing power to support the large amounts of racing data generated by McLaren's Formula 1 program.[18]
On April 15, 2021, it was reported that Dell Technologies would spin out the remainder of its VMware shares to shareholders. The two companies would continue to operate without major changes for at least five years.[19]
As of FY 2024, approximately 50% of the company's revenue is derived in the United States.[20]
On January 29, 2018, it was reported that Dell Technologies was considering areverse merger with itsVMware subsidiary to take the company public.[21]
On December 28, 2018, Dell Technologies became a public company, bypassing the traditionalIPO process by buying back shares that tracked the financial performance ofVMware.[22][23]
Dell Technologies has products and services in the field ofscale-out architecture,converged infrastructure andprivate cloud computing.[7][24]
Dell operates under two divisions:[20][25]
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