Cloud Computing: Dell’s EMC Acquisition: Perils, Opportunities Abound
October 12, 2015
Grazed from InformationWeek. Author: Thomas Claburn.
Dell’s planned acquisition of cloud computing and storage company EMC for $67 billion is the largest technology industry acquisition to date. But the deal is significant beyond its monetary value. It underscores the turmoil among traditional IT vendors as enterprise computing moves from hardware and software products to subscription-based cloud services.
The combined company will be privately held, freeing it from the regulatory scrutiny and earnings pressure faced by public companies. VMware, mostly owned by EMC, will remain a separate publicly traded company. On a conference call for the media, Joe Tucci, CEO of EMC, acknowledged that the IT industry is going through a transformation, and the traditional IT business is being disrupted…
Yet, he stressed there are opportunities for the combined companies, pointing to the growing amount of business telemetry — the product of industrial sensors, devices, and apps — that requires storage, processing, and analysis…
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