EMC was founded in Hopkinton, Massachusetts in 1979 and entered the enterprise data storage market in 1989. For more than two decades, EMC has been investing in new storage technologies and has been awarded 1,300 patents for storage technologies that have been passed or are under review. Whether it's a global external RAID storage system, network storage or storage management software, EMC is recognized as a leader in the industry.
EMC currently has more than 100 subsidiaries and distribution partners in more than 50 countries around the world, and has the world's largest and most professional storage sales and service team, bringing customers the most responsive service and customer service satisfaction rate of up to 96.7%. In 1999, EMC set up a branch in Taiwan, and its current customer base covers finance, telecommunications, manufacturing, and government.
EMC***, the U.S.-based storage and software developer, was founded by Richard Egan, who passed away on August 28, 2009 at the age of 73 at his home in Boston. He served as U.S. ambassador to Ireland. Under Egan's leadership, EMC became a publicly traded company in 1986, and in 1998, Egan was elected chairman of EMC. Prior to 1992, Egan also served as the company's president and CEO, among other positions. Today, EMC is a technology giant with about 40,000 employees worldwide.
Founded in 1979 and headquartered in Hopkinton, Massachusetts, EMC Corporation (NYSE: EMC) is the world's sixth-largest enterprise software company and a leading developer and provider of global information infrastructure technologies and solutions that help our customers accelerate their journey to the private cloud. EMC continues to be the world's number one leader in information storage for many years.
As one of the U.S. Fortune 500 companies, with a global R&D investment of $1.4 billion in 2009, EMC Corporation has more than 42,000 employees worldwide, with offices in 60 countries or regions.
EMC's China R&D centers were officially inaugurated on November 2, 2006, and are located in Shanghai and Beijing, respectively, and are mainly responsible for the development of EMC's core software and hardware. Its main goal is to provide advanced software and hardware development and quality assurance capabilities to EMC business units, and to deliver world-class products and services to customers in China, the Asia-Pacific region and globally. At the same time, EMC has also established a basic research laboratory in Beijing, which is engaged in basic research on EMC's global leading technologies including cloud computing and virtualization technologies.
In July 2009, EMC China R&D Center was formally upgraded to EMC China R&D Group of Excellence, which consists of six functional departments: Storage Technology R&D Base, Cloud Computing R&D Base, Information Management R&D Base, China Labs, Global Solution Center and Global Customer Technical Support Center.
Currently, EMC has set up ****16 branches in Beijing, Shanghai, Guangzhou, Chengdu, Nanjing, Xi'an, Wuhan, Shenyang, Fuzhou, Urumqi, Jinan, Hangzhou, Kunming, Chongqing, Qingdao, Zhengzhou. And established solution centers in Beijing, Shanghai, Guangzhou, Chengdu, Shenzhen, Hong Kong and Taiwan seven places. In order to help users better grasp and utilize EMC products and services, EMC has set up 35 service centers across the country and opened a global support center Chinese service hotline in 2004.EMC has also set up a distribution center in Hong Kong to speed up market response and improve customer satisfaction.
On June 19, 2015, EMC introduced a software plug-in in to its XtremIO and ScaleIO systems that leverages easy Docker storage containers to enable ****-enabled storage.
On October 12, 2015, the merger between Dell and data storage company EMC was announced as complete, culminating in Dell's acquisition of EMC for $67 billion.
Dell is acquiring EMC for $33.15 per share, consisting of cash and special stock, with the cash portion accounting for $24.05 per share. The deal totals nearly $67 billion, making it the largest merger in tech history. vMware maintains a separate public listing. Under the agreement, EMC Corporation shareholders will receive $24.05 per share in cash, plus tracking stock for EMC's portion of the economic interest in VMware's business. Based on the estimated number of shares of EMC stock outstanding at the closing of the transaction, EMC shareholders expect to receive approximately 0.111 shares of new tracking stock from each share of EMC stock. For example, assuming a volume-weighted average valuation of $81.78 per tracking share on Wednesday, October 7, 2015, on VMware's intraday volume, EMC shareholders would receive a combined value of $33.15 per share, and the total value of the transaction would be approximately $67 billion. The value of the tracking stock may vary with the price of VMware stock due to the different characteristics and interests of the two stocks.