Japan’s NTT buys Dell’s IT-services at $3.055 bn
Nippon Telegraph & Telephone Corporation's IT and consulting unit, NTT Data has agreed to buy Dell's IT Services unit at $3.055 billion as it plans to expand its market outside Japan. Dell had acquired the IT services unit in 2009 for $3.9 billion from Ross Perot. NTT Data stated that the acquisition would boost its outsourcing business and cloud-based service, especially in the US.
What is Dell Inc?
Dell Inc. is an American MNC computer technology company with its headquarters in Round Rock in Texas. It was founded in 1984 by Michael Dell as PC's Limited which later became Dell Computer Corporation. In 2004, Dell became the first organization in the Information Technology sector to start a product-recycling goal and then finished the implementation of their product recycling program globally in 2006.
Dell IT services
Dell had emerged in the IT services market by acquiring a Texas-based IT service provider, Perot Systems in 2009. Perot Systems, which was founded by former US Presidential Candidate Ross Perot in 1988, was acquired by Dell for $3.9 billion. The acquisition helped Dell to establish systems integration, applications development and strategic consulting services through its operations in the US and other 10 countries.
Dell goes completely private
On 29 October 2013, Dell had announced that its acquisition by Founder, CEO and Chairman, Michael Dell and Silver Lake Partners from its previous stockholders was completed. Michael Dell had gained control on 75% stake in the company.
Dell keen to acquire EMC Corp.
Dell Inc. had announced its intent to acquire the data storage and enterprise software company EMC Corporation in October 2015. Dell was in initial talks with some banks to help them with a fund to buy EMC Corporation to boost its cloud-based storage for corporate customers. The market capitalization of EMC Corporation was $52 billion which was twice the worth of Dell.
Dell Company acquires EMC Corp
Dell had agreed to acquire EMC Corporation in a $67 billion shares-and-cash deal. At $67 billion, the deal had been named as the highest valued acquisition in tech-history. Michael Dell was to be the Chairman and CEO of the acquired company.
Dell Inc states its losses in SEC filing
Dell had revealed in 2015 that the annual revenues of the company had increased by about 2% since going private in 2013. In a filing with Securities And Exchange Commission (SEC), Dell had stated that after its privatization, its $2.4 billion net profit dropped to a -$1.2 billion. Dell had reported that it still had $11 billion in debt from its $25 billion privatization-deal.
