21:41
+26 C°
Traffic jam:   2
$
72.2216
85.9943

Description

EMC is an American company and one of the largest manufacturers of data storage systems for organisations and related products. It was founded in 1979 and taken over by Dell Corporation in 2016. Its headquarters were located in Hopkinton, Massachusetts. Some well-known products: Symmetrix storage networks, VMAX, Isilon NAS system, Atmos content-addressable storage system, ScaleIO software-defined storage networks, Data Domain backup system.

History

Founded in 1979 by former Intel employee Richard Egan and Roger Marino. In 1981 the company introduced its first 64KB memory chip for Prime computers and started developing chips for other computers.

In the mid-1980s, the company abandoned memory production and focused on creating disk and network storage devices. In 1990, the Symmetrix storage network, developed by a team led by Moshe Yanai, entered the market and became a key system in the company's lineup, generating explosive growth in EMC revenue in the 1990s. By the time Moshe Yanai left in 2001, his development team was several thousand people. His main competitors on the storage market in the 2000s were IBM, NetApp, Hewlett-Packard and Hitachi Data Systems. In the 2000s, the product line expanded significantly, with the addition of hardware and software products.

The company's shares were traded on the New York Stock Exchange under the ticker EMC; as of the 2000s, 80% of the company's shares were owned by institutional investors; its capitalisation as of February 2007 was $32.16 billion and its workforce was about 60,000 people. Revenue in 2008 was $14.9 billion, net profit was $1.35 billion and investments in development and research accounted for approximately 10% of the company's turnover.

On 12 October 2015, Dell signed an agreement to acquire EMC for $67 billion, the largest transaction in the history of the IT industry. On 7 September 2016, EMC ceased to be an independent company, becoming a division of Dell under the name of Dell EMC. As of the end of the 2010s, the "Dell-EMC" brand was retained in a number of legacy products for the corporate market.

Rating GlobalNY.biz

Take place
general
№203
general
Take place
area
№28
area

Discussion

NEW YORK COMPANIES


New York business portal GlobalNY.biz includes a huge directory of organizations operating in New York. Here you can easily find all the necessary information about the company. The organization card contains a full info page with a detailed description of the company's activities, logo, contact details and a link to the organization's official website. The reader can also immediately familiarize himself with the staff of the company, see the latest press releases and news block, and also see what line of the rating the company occupies. The rating of a member of the GlobalNY.biz business portal is calculated based on the number of mentions in the New York news and posted press releases containing information about the organization's activities and its achievements. You can also rise in the rating by publishing vacancies, as well as the number of registered persons. At the same time, company representatives can independently see how many times the company's card has been viewed on GlobalNY.biz, as well as promptly correct the information.
We pay special attention to the multifunctionality of the "Companies" section. For your convenience, there is a search box, as well as an industry heading.
New York Business Portal is always up-to-date database of New York enterprises!
Alena Potapova

Development Director