September 7, for world’s largest private technology company, Dell Technologies is a month that altered the future of its business. It was the day in 2016, Dell completed its acquisition of EMC Corporation, creating a family of businesses that provides the essential infrastructure for organisations to build their digital future, transform IT and protect their information.
According to a statement BusinessDay received, in its inaugural year, the company’s merger created a $35 billion Dell Technologies channel and global channel program that brought in 10,000 new business customers to the Dell EMC portfolio.
To commemorate its anniversary, the company announced on Thursday, September 7, 2017, it has signed a deal to supply primary IT Infrastructure to General Electric Co.
“We set the bar high and exceeded our own expectations, said Michael Dell, chairman and chief operating officer of Dell Technologies. “We have made enormous strides this past year in serving the needs of our customers, from governments to fast-growing small businesses to many of the world’s largest enterprises who call Dell Technologies their most strategic IT partner. And we are just getting started.”
Revenue growth in the second quarter of 2017 went up 48 percent from a year ago and prior to the merger, and 8.3 percent from the previous quarter. The company’s operating losses also dropped.
The merger with EMC gave Dell an opportunity to become a one-stop shop for business customers and address competition from rivals in the cloud business. Today the company is investing in new products and partnerships that puts them ahead of competition and keeps traditional rivals at bay.
In the statement, Dell noted that the milestones was accomplished as a result of rapidly paying down approximately $9.5 billion in debt, completing three major business diverstitures and continuing to invest aggressively in the most innovative technologies for customers.
“As evidence of early traction, a new independent IDC survey reveals that 91 percent of customers surveyed worldwide believe Dell and EMC delivered on the promises made to them ahead of the merger,” the statement read.
Also part of the celebration, Dell Technologies said it is releasing its annual report to customers, demonstrating how the company has helped customers in the past year to achieve their peak potential in the digital future.
The Dell Technologies family of businesses includes Dell, Dell EMC, Pivotal, RSA, SecureWorks, Virtustream and VMware.
“It stands as a $74 billion market leader with the industry’s most expensive portfolio from the edge to the data center to the cloud,” the statement read.
