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Dell Technologies (DELL) will spin off its 80.6% stake in VMware (VMW), creating two publicly-traded companies and raising cash to pay down debt.
Paul Maritz went over to EMC as Head of Strategy before moving on to lead the Pivotal spin-off. [25] In March 2013, VMware announced the corporate spin-off of Pivotal Software, with General Electric investing in the company. Most of VMware's application- and developer-oriented products, including Spring, tc Server, Cloud Foundry, RabbitMQ ...
Shares in Dell Technologies (DELL) spiked 14% in pre-market trading on a report that the PC maker is mulling a spinoff of its roughly $50 billion stake in cloud computing software maker VMware Inc ...
In 2018, Dell had a racing partnership with British racing team McLaren, providing processing power to support the large amounts of racing data generated by McLaren's Formula 1 program. [18] On April 15, 2021, it was reported that Dell Technologies would spin out the remainder of its VMware shares to shareholders.
When VMware was acquired by Dell, a reverse merge was in place so the latter would be back to the stock market as a public company. [11] In July 2020, Fisker, Inc announced plans to go public via a merger with Spartan Acquisition Corp (SPAQ), a "blank-check" company backed by Apollo Global Management. [12]
Paul Maritz became Pivotal's chief executive immediately after the spin-out. [5] Maritz had joined EMC in February 2008 when Pi Corporation, a company he co-founded, was acquired and was previously the CEO of VMware. [6] [7] The Greenplum Database (acquired by EMC in 2010) formed the basis of a division selling software for the big data market. [8]
Systems management and security software United States $ 2.4 × 10 ^ 9 [29] 28 November 16, 2012 Gale Technologies Infrastructure automation solutions United States: undisclosed References 29 May 6, 2013: Enstratius, formerly enStratus Networks: Cloud management software United States $ 3,500,000 [30] 30 March 24, 2014: StatSoft: Statistical ...
Michael Saul Dell (born February 23, 1965) is an American billionaire businessman and investor. He is the founder, chairman, and CEO of Dell Technologies, one of the world's largest technology infrastructure companies.