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Dell (subsidiary)

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This article is about the subsidiary. For its parent company, see Dell Technologies. For the original Dell Inc. from 1984 to 2016, see Dell. For other uses, see Dell (disambiguation).
Dell
Company typeSubsidiary
IndustryComputer hardware
Computer software
FoundedFebruary 1, 1984; 40 years ago (1984-02-01)
Headquarters
Round Rock, Texas
,
United States[1]
Area served
Worldwide
Key people
Michael Dell
(Founder, Chairman & CEO)
Products
RevenueDecrease US$54.9 billion (2016)[2]
Number of employees
101,800 (2016)[2]
ParentDell Technologies (via Dell Client Solutions Group)
Subsidiaries
Websitewww.dell.com

Dell (stylized as DELL) is an American multinational technology company. A subsidiary of Dell Technologies, the company is based in Round Rock, Texas, United States, that develops, sells, repairs, and supports computers and related products and services. Eponymously named after its founder, Michael Dell, the company is one of the largest technological corporations in the world, employing more than 103,300 people worldwide.[3]

History

Main article: History of Dell

Merger of Dell and EMC

See also: Dell and Dell Technologies § Dell acquisition of EMC

On October 12, 2015, Dell announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the "highest-valued tech acquisition in history".[4][5] The acquisition was finalized September 7, 2016 [6]

The announcement came two years after Dell Inc. returned to private ownership, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business.[7] It's thought that the company's value has roughly doubled since then.[8]

Formation

After the merge of the original Dell Inc. and EMC Corporation, it was created into a new holding company named Dell Technologies, with subsidiaries of the original Dell and EMC Corporation becoming subsidiaries of the new company.[9] The restructuring process was similar to Alphabet Inc. and Google. Dell Technologies legal name is Dell Inc., taking the name of the original company, while the computer technology products and services would become a subsidiary, simply named Dell.[9]

Michael Dell, the founder of the Dell brand, said in an interview with Fortune "we want to innovate on behalf of customers, and that is a challenge for many public companies—particularly if they don't have the right portfolio. What's unique about Dell, EMC, Virtustream, Pivotal, Secureworks, RSA, etc., is we'll pull together the best capabilities and we're private so we can do that on a longer-term time horizon. Other companies are out there selling off pieces and are in some form of distress one way or another."[10]

The new subsidiary Dell will be the computer technology branch of Dell Technologies, continuing its computer business from the original Dell Inc.[9]

References

  1. ^ "Dell Company Profile". Retrieved July 28, 2010.
  2. ^ a b "2015 annual results". Forbes.
  3. ^ "Form 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Fiscal Year Ended February 3, 2012 Commission File Number: 0-17017 Dell Inc". i.dell.com. Dell Inc. March 13, 2012. Retrieved October 29, 2014.
  4. ^ "Dell agrees $67bn EMC takeover". BBC News. Retrieved 12 October 2015.
  5. ^ Womack, Brian; Bass, Dina. "Dell to Buy EMC in Deal Worth About $67 Billion". Bloomberg.com. Retrieved 2015-10-12.
  6. ^ "Dell finalizes EMC takeover". Twitter. Retrieved 7 September 2016.
  7. ^ "Dell Makes Case to Go Private in Grim Filing". The Wall Street Journal. March 29, 2013.
  8. ^ David Benoit (October 12, 2015). "Dell's Value and the 'Falling Knife'". The Wall Street Journal.
  9. ^ a b c Darrow, Barb (7 September 2016). "Meet Michael Dell's New Tech Behemoth". Fortune. Retrieved 11 September 2016.
  10. ^ Burt, Jeffrey (11 September 2016). "Dell, HPE CEOs Debate the Merits of Their Strategies". eWeek. Retrieved 11 September 2016.
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