Dell Technologies
| Company type | Public |
|---|---|
| Industry | Technology |
| Founded | September 2016 |
| Headquarters | Round Rock, Texas , United States |
Area served | Worldwide |
Key people | Michael Dell (key investor) |
| Products | Personal computers, servers, monitors, software and services related to computer security, network security, information security |
| Website | delltechnologies |
Dell Technologies Inc. is a United States-based multinational technology company with its headquarters located in Round Rock, Texas since 1994. The company was formed in September 2016 through the merger of Dell and EMC Corporation. In the 2024 Fortune 500 rankings, Dell Technologies placed 48th based on revenue generated in 2023. Its range of products encompasses personal computers, servers, monitors, as well as software and services related to computer security, network security, and information security.
History
Dell Inc., the forerunner to Dell Technologies, transitioned back to private ownership in 2013 with the objective of restructuring its operations away from the pressures of public markets.
Meanwhile, hedge fund Elliott Management Corporation, holding a 2.2% stake in EMC, pushed for changes to EMC’s "Federation" organizational model. Elliott contended that this structure undervalued EMC’s principal "EMC II" data storage segment and created market confusion because of overlapping competition between EMC II and VMware offerings.
In 2014, Dell reported $27.3 billion in revenue from personal computers and $8.9 billion from servers. At the same time, EMC generated $16.5 billion through EMC II, $1 billion from RSA Security, $6 billion via VMware, and $230 million from Pivotal Software. On October 12, 2015, Dell revealed plans to acquire EMC for $67 billion, marking the largest transaction in the technology sector at that time. Key investors such as Michael Dell, Singapore's Temasek Holdings, and Silver Lake Partners backed the deal. The acquisition was finalized on September 7, 2016, resulting in approximately $40 billion of additional debt for Dell.
After completing the merger, Dell divested its Dell Services, Dell Software Group, and Dell EMC Enterprise Content Divisions for $7 billion to help lower its debt load. In October 2017, the company announced a $1 billion investment focused on research and development within the Internet of Things (IoT) sphere.
Prior to the acquisition, EMC held an approximate 80% stake in VMware; following the merger, VMware continued to operate independently through a newly created tracking stock while the remaining EMC assets were absorbed into Dell.
The transaction necessitated that Dell resume quarterly financial disclosures after being privately held since 2013.
In 2018, Dell formed a partnership with British racing outfit McLaren, supplying advanced computing resources to enhance McLaren’s Formula 1 data analytics capabilities.
On April 15, 2021, Dell revealed intentions to distribute its remaining VMware shares to shareholders, with both companies maintaining independent operations for a minimum of five years thereafter.
As of fiscal year 2024, nearly half of Dell Technologies' revenues originate from within the United States.
In February 2025, Dell completed the sale of Secureworks to British cybersecurity firm Sophos.
IPO
On January 29, 2018, Dell Technologies considered a reverse merger with its subsidiary VMware as a route back to public markets. By December 28, 2018, Dell had re-entered public trading by acquiring VMware-linked shares without pursuing a conventional IPO.
Business
Dell Technologies delivers products and services spanning scale-out architecture, converged infrastructure, and solutions for private cloud computing. The company’s operations are divided into two primary segments:
- Client Solutions Group (accounting for 55.3% of fiscal year 2024 revenue) – responsible for manufacturing desktop computers, laptops, tablets, and related peripherals under the Dell brand.
- Infrastructure Solutions Group (comprising 38.3% of fiscal year 2024 revenue) – focuses on providing servers, storage systems, and networking products.