Type Subsidiary Area served Worldwide | Predecessor Dell, Inc. | |
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Industry Computer hardware
Computer software Founded February 1, 1984; 33 years ago (1984-02-01) (as Dell) Headquarters Round Rock, Texas, U.S. | ||
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 founder Michael Dell, the company is one of the largest technological corporations in the world, employing more than 103,300 people worldwide.
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Merger of Dell and 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". On January 2016, Dell joined the Wireless Power Consortium, a technology consortium that develops Qi, as the 235th member of the consortium.
The acquisition was finalized September 7, 2016 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. The restructuring process was similar to Alphabet and Google. Dell Technologies became Dell Inc., taking the name of the original company, while the computer technology products and services would become a subsidiary, simply named Dell.
Founder Michael Dell 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."