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Historical Dell and EMC Merger Completed and Two new branding 'Dell Technologies', 'Dell EMC' launched

On Wednesday, company announced Dell and EMC Merger Completed, the largest technology merger in history. And New 'Dell Technologies' and 'Dell EMC' branding launched.

The deal, announced 11 months ago on Oct. 12 2015. Dell and its partner investment firm Silver Lake. 

The new company to be named Dell Technologies, the combination of these two company, aims to be a one-stop shop for Technology Company. Dell Technologies will be the world’s largest privately controlled tech company, $74 billion in revenue.

Dell Technologies serves 98 percent of the Fortune 500 and comprises several market leading businesses. The two largest, and most well-known, are the Dell client solutions business and the Dell EMC infrastructure solutions business – both of which are supported by Dell EMC Services.

On Wednesday, VMware said that Mr. Dell had been elected to the board of directors as chairman. In addition, Egon Durban was elected to the VMware board of directors. Joseph M. Tucci, VMware's chairman since 2007, and John R. Egan who served as a director on the VMware board of directors since 2007, are resigning from the VMware board.

Michael Dell, chairman and CEO of Dell Technologies, said, "We are at the dawn of the next industrial revolution. Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of Things, paving the way for our customers to do incredible things. This is why we created Dell Technologies. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey."

Company said, When the transaction closed on September 7, 2016, EMC shareholders received $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business.

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