Michael Dell flies into Cork to consult with staff on EMC merger

Staff at Dell and EMC’s Cork offices were yesterday brought up to speed with the ongoing merger of their two businesses, as Michael Dell flew in to address them.

Michael Dell flies into Cork to consult with staff on EMC merger

The billionaire Dell founder held an all-hands meeting at EMC’s Centre of Excellence in Ovens, Co Cork where he spoke to employees.

Staff from Dell’s offices in Mahon also travelled to the EMC base to meet the Texan business magnate, as did VMware staff.

EMC information infrastructure chief executive David Goulden was also in town to meet staff.

Mr Dell later tweeted his satisfaction with the staff and facilities in Cork after meeting with senior management of the companies’ Irish operations.

The US businessman sealed the biggest technology deal in history in October 2015 when he announced Dell was to acquire EMC in a €55bn deal.

Between Dell, EMC and the cloud storage company’s subsidiary, VMWare the companies employ more than 6,000 staff in Ireland.

EMC and VMWare’s Irish operations are based out of Cork where they employ 3,700 workers while Dell has bases in Limerick and Dublin as well as Cork.

The new company will be known as Dell Technologies once the merger is finalised.

The combined entity’s PC business will continue to be known as Dell while its enterprise business will go by the name of Dell EMC.

Mr Dell has spoken of the deal positioning the company at the centre of the “next quantum leap in human progress” with the internet of things.

“Our vision is for a strategically aligned family of businesses that brings together the entire infrastructure from hardware to software to services — from the edge to the data center to the cloud. Dell Technologies becomes the leader in the traditional technology of today and cloud-native infrastructure of tomorrow,” Mr Dell wrote in a post on LinkedIn earlier this month.

Earlier this week, further details of the huge debt offering Dell is to offer to finance the mega-acquisition emerged. Dell said it had increased the amount of debt it will raise after the computer maker received $80bn (€70.7bn) of orders from investors.

The company now plans to sell $20bn of notes, up from an initial target of about $16bn, to help pay for its acquisition of EMC.

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