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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 ...
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.
May 8, 2006: Alienware: Computer desktops United States — [5] 5 November 14, 2006: ACS Information technology United Kingdom — [6] 6 July 18, 2007: SilverBack Technologies, Inc. [note 1] Network monitoring United States — [7] 7 November 12, 2007: ASAP Software Express [note 2] Information technology United States $ 340,000,000 [8] 8 ...
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]
Dell was born in 1965 in Houston to a Jewish family. His parents were Lorraine Charlotte (née Langfan), a stockbroker, [6] and Alexander Dell, an orthodontist. Michael attended Herod Elementary School in Houston. [7] In a bid to enter business early, he applied to take a high school equivalency exam at age eight. [8]
Dell Software was a former division of Dell with headquarters in Round Rock, Texas, United States. [3] Dell Software was created by merging various acquisitions (mainly Quest Software and Sonicwall) by Dell Inc., the third-largest maker of PCs and now a privately held company, to build out its software offerings for data center and cloud management, information management, mobile workforce ...