Dell storage dominance followed $67B grab of EMC, VMware

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Over the past 20 years, Dell has evolved from a PC company into the number one server, storage and virtualization vendor, through acquisitions like the $67 billion purchase of EMC in 2016. The company’s long-term success depends on how well it integrates its acquired technologies and innovates for the future.

In 2000, Dell sold mostly PCs and laptops, but added servers and paid more than $300 million for a storage company called ConvergeNet. At the time, EMC was a 20-year-old company that specialized in mainframe storage, but also sold (and coined the term) Network Attached Storage and Fibre Channel storage networking switching. VMware was a startup that had launched its first product less than a year before, a hypervisor that installed on a host operating system.

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