I truly believe that by combining our cloud assets and capabilities we can create a recognized leader in the on and off prem enterprise cloud industry. This, along with the growing momentum of vCloud Air, for hybrid usage, gives us unique assets. Our Virtustream business, led by Rodney Rogers is a key part of our growth strategy, with its focus on managed cloud services for mission critical applications for enterprise customers. I have spoken many times about the impact that cloud computing, in all its forms, is having on the industry. I believe they are well on their way to becoming a public company at some point in the not too distant future. Paul and I are very happy with the progress Rob has made in the short time he has been CEO and Pivotal is making great strides in the marketplace. Pivotal will continue to operate as it has with Rob Mee as CEO and Paul Maritz as Executive Chairman. We estimate that these revenue synergies could top $1B over the next few years. Together, Dell and VMware will have the opportunity to significantly expand VMware’s revenues in the areas such as the software-defined data center, hybrid cloud and end user computing. We see significant synergies between Dell and our Federation companies, especially VMware, which will continue to operate as a public company led by Pat Gelsinger. The EMC Federation has created great momentum in the market place which we expect to accelerate. We are very excited by this opportunity, while being able to reward our EMC shareholders in such an attractive way. The new company will have more freedom to invest for the long-term, an increased focus on our customers and, very importantly, the ability to attract and retain the best and brightest people. The combined company will be far more efficient and effective to operate as a private company, giving us the ability to incubate and develop new products and solutions necessary to capitalize on the opportunities I just mentioned. Additionally, it brings together strong capabilities in the hottest IT trends, including digital transformation, the software-defined data center, hybrid cloud, converged infrastructure, mobile and security. It will have complementary product portfolios, expanded market reach, and four of the world’s greatest technology franchises: servers, storage, virtualization and PCs. The combined company will be a leader in a number of the most attractive high-growth areas of the $2 trillion information technology market. The coming together of EMC and Dell will create a powerhouse in the technology industry with more than $80B in revenue. To keep us growing and thriving through the truly historic changes that are gripping our industry, and to help assure we capitalize on the vast opportunity before us, we decided that creating a new company with Michael Dell, an industry colleague and noted leader, and the team at Silver Lake is the best way to position EMC for success going forward. And now we are entering a new era, where the entire information technology industry is experiencing massive disruption, while simultaneously being presented with unprecedented opportunity. An incredible feat! During that period, we have seen good times, tough times, and yes even great times. In the past 25 years, we have transformed from a storage start-up to a global technology leader with more than 70,000 people. Today is a remarkable day in EMC’s history. And I thank our valued customers for their trust, business, and friendship.īut I also recognize the need for change, and size, coupled with focus of mission, and capabilities, matter! I believe that this transaction will put EMC and our terrific people in the best position possible to thrive in the new world order. I owe each one of them an incredible debt of gratitude. I love our people and the culture we have built. It has been a journey that I wouldn’t have traded for anything.

I am incredibly proud of the business we have built here at EMC. This is a bittersweet announcement for me. Energy, Climate Action & Sustainability.APEX Cloud Platform for Red Hat OpenShift.APEX Cloud Platform for Microsoft Azure.APEX Data Storage Services Backup Target.Features of the new Product Support page The new Support Page has been redesigned with several enhancements to the existing support page.

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