| Type | Public |
|---|---|
| Traded as | NYSE: EMC S&P 500 Component |
| Industry | Data Storage |
| Founded | 1979 |
| Founder(s) | Richard Egan Roger Marino |
| Headquarters | Hopkinton, Massachusetts, U.S. |
| Number of locations | >100 |
| Area served | Worldwide |
| Key people | Joseph M. Tucci (Chairman, President and CEO) |
| Products | List of products |
| Revenue | US$ 17.015 billion (2010)[1] |
| Operating income | US$ 2.683 billion (2010)[1] |
| Net income | US$ 1.970 billion (2010)[1] |
| Total assets | US$ 30.833 billion (2010)[1] |
| Total equity | US$ 18.167 billion (2010)[1] |
| Employees | 48,500 (2010) |
| Subsidiaries | VMware, RSA Security |
| Website | EMC.com |
EMC Corporation (NYSE: EMC), a Financial Times Global 500, Fortune 500 and S&P 500 company,[2] develops, delivers and supports information infrastructure and virtual infrastructure hardware, software, and services. EMC is headquartered in Hopkinton, Massachusetts, USA.[3]
Former Intel executive Richard Egan and his college roommate, Roger Marino, founded EMC in 1979. The company’s name, EMC, stands for the initials of the founders, and an unknown third individual who has remained nameless. "EMC Corporation" is the company's full name.[4]
EMC stock went public on April 06, 1986 at a price of $16.50 per share.[5]
Contents |
EMC, founded in 1979 by Richard Egan and Roger Marino (the E and M in EMC),[6] introduced their first 64-kilobyte memory boards for the Prime Computer in 1981,[7][8] and continued with the development of memory boards for other computer types. In the mid 1980s the company expanded beyond memory to other computer data storage types and networked storage platforms. The company started to ship its flagship product, the Symmetrix in 1990. The Symmetrix has been developed by a team headed by Moshe Yanai. This product is the main reason for the rapid growth of EMC in the 1990s, both in size and value, from a company valued hundreds of millions of dollars to a multi-billion company.[9] Moshe Yanai managed the Symmetrix development from the product's inception in the late 1980s until shortly before leaving EMC in 2001,[10] and his Symmetrix development team grew from several people to thousands. EMC remains the largest provider of data storage platforms in the world, competing with IBM, NetApp, Hewlett-Packard, and Hitachi Data Systems. Consulting and IT Services have been an increasingly important source of revenue. Joseph Tucci, CEO since 2001, was paid over $9 million in 2009.[11]
In July 2006 EMC opened a Research and Development office in Shanghai, China, to leverage the burgeoning Chinese labor pool and facilitate a further expansion into the Chinese market.[12]
On June 7, 2007, EMC announced that it would invest $160 million in Singapore to set up a new 15,000 square foot (1,400 m2) development laboratory which would begin operations within the year.
A series of acquisitions and partnerships helped grow EMC to the largest provider of data storage platforms in the world. On November 12, 2007, EMC partnered with NetQoS to deliver the first integrated infrastructure discovery and performance monitoring solutions.[13]
EMC's product line ranges from enterprise storage arrays to content management systems to storage area networks, backup, recovery and archiving solutions and information security. A sample of EMC products are listed below. This is not an all-inclusive listing of EMC products. Product details can be found on their respective product pages on Wikipedia.
EMC also offers services, including consulting, technology deployment, customer service and support, and training and EMC Proven Professional certification services provided by the education services division.[14]
| Product category | EMC products |
|---|---|
| Storage | VMax, Symmetrix, CLARiiON (discontinued), Celerra (discontinued)[15], VNX/VNXe, Iomega, Isilon |
| Virtualization | VMware, VPLEX |
| Information Security | RSA Security |
| Backup, Recovery and Archiving | DataDomain, Avamar, Mozy, RecoverPoint, SRDF, NetWorker, Centera, SourceOne |
| Data warehousing/ Business intelligence | Greenplum |
| Enterprise content management and Information governance | Documentum, SourceOne, xDoc, Captiva |
| IT management | Ionix, SMARTS |
| Cloud computing | EMC Atmos, vBLOCK, Mozy |
| Services | Consulting, Customer support, Education Services, Managed Services, Technology Services and Solutions |
The following table includes the listing and timeline of EMC Corporation's major acquisitions of other companies since 1996.
| Year | Storage | Services | Information Security | Enterprise Content Management & Information Governance | IT Management | Virtualization | Backup, Recovery & Archiving | Cloud Computing | Data Warehousing / Business Intelligence |
|---|---|---|---|---|---|---|---|---|---|
| 1996–2000 | Data General[16] | ||||||||
| 2001–2005 | Internosis[17] | Documentum,[18] Ask Once,[19] Acartus,[20] Captiva Software[21] | Astrum,[22] Smarts,[23] | VMware,[24] Rainfinity,[25] Acxiom[26] | Legato Networker,[27] Dantz/Retrospect,[28] Allocity[29] | ||||
| 2006–2010 | Isilon Systems[30] | Interlink,[31] Geniant,[32] Business Edge,[33] Conchango[34] | RSA Security,[35] Authentica,[36] Network Intelligence,[37] Valyd,[38] Verid,[39] Tablus,[40] Archer[41] | Pro Activity,[42] X-Hive,[43] Dokumentum, Document Sciences,[44] Kazeon[45] | nLayers,[46] Voyence,[47] Infra Corporation,[48] Configuresoft,[49] Fastscale[50] | Akimbi,[51] YottaYotta | Kashya,[52] Avamar,[53] Indigo Stone,[54] Mozy,[55] WysDM,[56] Iomega,[57] Data Domain[58] | Pi,[59] Source Labs[60] | Greenplum[61] |
| 2011–present |
EMC is a global company with over 47,000 employees worldwide.[62] EMC is ranked 2nd on Fortune’s list of the World’s Most Admired Computer Companies.[63] EMC was recognized in 2010 for its IT Proven Project with a CIO 100 Award, which awards business that are creating new business value through innovation of technology.[64] EMC also tied for 16th on NetProspex’s Social 50 List in May 2010, which scores based upon the social media activity of each company by measuring employees average activity across major social media channels.[65]
EMC has ranked on several best places to work including ones abroad. EMC was ranked 33rd in the Top 50 Best Places to Work of 2010 by Glassdoor.com.[66] In Ireland, EMC was ranked 4th in the Great Place to Work Institute’s Best Places to Work, where employees ranked companies.[67] EMC has also won awards for programs for interns and recent college graduates, including in 2008 EMC was ranked 44th in BusinessWeek’s List of Top 50 Places to Intern[68] and also 66th ranked in BusinessWeek's List of Top 100 Places to Launch a Career.[69] In 2009 Collegegrad.com list of Top 50 Entry Level Employers.[70]
EMC supports a variety of corporate responsibility initiatives around the world and in 2010 EMC ranked 19th on Corporate Responsibility Magazine's 100 Best Corporate Citizens List.[71] EMC Ranked 66th on Newsweek’s U.S. Green Rankings and 20th in the Technology Green Rankings in 2010.[72] In February 2010, EMC joined the Ceres Network, a non-profit organization that addresses sustainability challenges, such as global climate change.[73] In 2009, EMC was awarded the “Enable the Eco-Enterprise” by Oracle for its effort to support their green business practice and reduce environmental impact by utilizing Oracle applications and reporting.[74]
EMC sponsors programs in the U.S. that strive to improve education for science, technology, engineering, and mathematics (STEM)[75] and 19,000 students have taken Information Storage and Management courses from 2006-2009.[76] EMC is a partner of the World Economic Forum’s Global Education Initiative (GEI) whose charter is to raise awareness and support the implementation of relevant, sustainable and scalable national education sector plans on a global level.[77] EMC and its employees support a variety of local community foundations and programs in order to give back to their local communities.[78]
In support of its Supply Chain Sustainability initiative, EMC is a member of the Electronic Industry Citizen Coalition (EICC), which promotes an industry code of conduct for global electronics supply chains to improve working and environmental conditions.[79]
EMC is a board member of The Green Grid, a global consortium of IT companies and professionals seeking to improve energy efficiencies in data centers around the world.[80] The Green Grid’s mission is to help promote the adoption of energy efficient standards, process, measurement method and technologies in order to reduce power consumption and waste globally.[81] EMC is also a member[82] of one of Green Grid’s Alliance Partners, SNIA.[83] SNIA is a non-profit organization dedicated to helping companies manage information through development and promotion of standards, technologies, and educational services.[84]
EMC Chairman, president and CEO Joseph M. Tucci currently resides on the Technology CEO Council[85] which advocates for public policies that promote innovation and U.S. competiveness.[86]
A March 2011 TED lecture by Morgan Spurlock, creator of the documentary Supersize Me, was partly sponsored by EMC. The company had bought the naming rights to the lecture, entitled "The Greatest TED Talk Ever Sold." The lecture covered the subject of transparency in modern advertising and marketing. The company bought these rights via an online auction on eBay for $7,100 USD. At the end of the lecture, a check for the amount given by EMC was donated to The Sapling foundation--the parent company of TED Conferences, LLC.[87]
On March 17, 2011, EMC's security division, RSA, was the target of an Advanced Persistent Threat; No customers were adversely affected.[88]
|
|||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||