Bangalore, October 13, 2015: Our speculative story of two days ago has become reality. Dell Inc. and EMC Corporation have announced they have signed a definitive agreement under which Dell, together with its owners, Michael S. Dell, founder, chairman and CEO, MSD Partners and Silver Lake, the global leader in technology investing, will acquire EMC Corporation, while maintaining VMware as a publicly-traded company.
The combination of Dell and EMC will create the world’s largest privately-controlled, integrated technology company in the high-growth areas of the $2 trillion information technology market.
Following completion of the transaction, Michael Dell will lead the combined company as chairman and chief executive officer. Mr. Tucci will continue as chairman and chief executive officer of EMC until the transaction closes. Dell’s headquarters will remain in Round Rock, Texas, and the headquarters of the combined enterprise systems business will be located in Hopkinton, Mass.
Dell currently has some 27,000 employees in India, a little less than a third of its global workforce.
EMC's India employees number about 3,500 out of a worldwide 60,000.
In 2011 Dell celebrated a decade o f its R&D in India, marked by 1600 invention disclosures,
over 150 published article/papers and 50 enterprise software products flowing from the India team.
VMware’s operations in India are second in size only to those at the company’s Palo Alto headquarters
in the U.S. In April this year the company set up a 43800 sq. m. state of the art campus in Bangalore
at a cost of $120 million. The VMware R&D team in India plays a critical role in product development in
all of VMware’s strategic imperatives – the software-defined data center, hybrid cloud and end-user