Dell Technologies

Dell Technologies Inc. is an American multinational technology company headquartered in Round Rock, Texas. It was formed as a result of the September 2016 merger of Dell and EMC Corporation (which later became Dell EMC). Dell's products include personal computers, servers, televisions, computer software, computer security and network security, as well as information security services. Dell ranked 35th on the 2018 Fortune 500 rankings of the largest United States corporations by total revenue. Approximately 50% of the company's revenue is derived in the United States. Dell operates under two divisions: Dell Client Solutions Group (48% of fiscal 2019 revenues) – produces desktop PCs, notebooks, tablets, and peripherals, such as monitors, printers, and projectors under the Dell brand name Dell EMC Infrastructure Solutions Group (41% of fiscal 2019 revenues) – servers, storage, and networking Dell divested its ownership in Boomi, VMware (80%) and Pivotal Software, but owns other businesses such as Secureworks, Virtustream. On October 12, 2015, Dell announced its intent to acquire EMC Corporation, an enterprise software and storage company, in a $67 billion transaction. It was labeled the "highest-valued tech acquisition in history". In addition to Michael Dell, Singapore's Temasek Holdings and Silver Lake Partners were major Dell shareholders that supported the transaction. On September 7, 2016, Dell Inc. completed the merger with EMC Corp., which involved the issuance of$45.9 billion in debt and $4.4 billion common stock. The Dell Services, Dell Software Group, and the Dell EMC Enterprise Content Divisions were sold shortly thereafter for proceeds of$7.0 billion, which was used to repay debt. In October 2017, It was reported that Dell would invest $1 billion in IoT research and development. Dell Inc. had returned to private ownership in 2013, claiming that it faced bleak prospects and would need several years out of the public eye to rebuild its business. EMC was being pressured by Elliott Management Corporation, a hedge fund holding 2.