Dell | Pixr8 News

Dell Says it will Explore IPO or Merger with VMware

4Feb By reutersNo Comments

BUSINESS

Dell Says it will Explore IPO or Merger with VMware

Computer maker Dell said on Friday it was considering a public offering of common stock or a combination with business software maker VMware, its publicly held subsidiary. Dell, the world's largest privately held technology company, is under pressure to boost profitability after its debt-laden acquisition of data storage provider EMC for $67 billion in 2016 failed to meet financial targets, hurt by intensifying price competition. Combining with VMware would provide access to VMWare's $11.6 billion in cash, helping Dell trim its $52.5 billion debt pile. Last month's U.S. tax reform made servicing that debt more expensive due to caps on deducting interest expense. The combination would also make Dell a publicly listed company, offering a path for private equity firm Silver Lake to b...

6Nov By PriyankaNo Comments

FUNDING

Fintech Startup Kissht Raises Funding From China’s Fosun International

China based Fosun International has led a $10 million round of funding in Mumbai-based Kissht, an online lending startup owned by OnEMi Technology Solutions Pvt Ltd. The round, which was closed last week also saw participation from Kissht's existing backers, early-stage venture capital firms, Ventureast and Endiya Partners, according to the sources cited by Economic Times. The fresh equity funds will be used to expand its geographic presence, across India, fortify its data science capabilities and build its engineering and analytics team quoted source. The company plans to get "deeper" in tier II and tier III cities of the country. Also Read Indian Paper Packaging Segment Can Get A Lot From Ecommerce App Developer Access To iPhone X Face Data Spooks Some Privacy E...

4Nov By NitishNo Comments

ACQUISITION

NTT DATA Closes Acquisition of Dell Services

NTT DATA, Inc. today announced its acquisition of Dell Services has closed, expanding the company’s brand and IT services leadership globally. The newly acquired business, which on an interim basis will be called NTT DATA Services, expands NTT DATA’s ability to deliver insights, solutions and outcomes that lead to tangible business results for clients. “Welcoming Dell Services into NTT DATA is a milestone acquisition in our effort to partner with clients as they navigate the digital disruptions in today’s markets,” said Toshio Iwamoto, president and CEO of NTT DATA Corporation. “As a top 10 global business and technology services provider, we have been aggressively expanding our international business, boldly pursuing growth as a ‘Global IT Innovator.’ The acquisition of Dell Service...

Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes

9Sep By reutersNo Comments

News

Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes

Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported. Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. "As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur," Dell spokesman Dave Farmer said. He, however, declined to comment specifically on the report. Dell, which was taken private by founder Michael Dell along with private equity firm Silver Lake Management in 2013, agre...

Delhi 22nd in Top 25 Global Cities For Women Entrepreneurs

24Jun By Press Trust of IndiaNo Comments

News

Delhi 22nd in Top 25 Global Cities For Women Entrepreneurs

Delhi, at the 22nd spot, is the only Indian city to feature in tech giant Dells 2016 Women Entrepreneur Cities Index (WE Cities) that looks at a city's ability to attract and foster growth of women-owned firms. New York, the San Francisco Bay Area, London, Stockholm and Singapore were the top five cities for high-potential women entrepreneurs, Dell said in a statement. "WE Cities is the only global gender-specific index that looks at a city's ability to attract and foster growth in firms founded by women entrepreneurs," it added. Cities, instead of countries, were identified in order to show the impact of local policies and programs in addition to national laws and customs, it said. The report takes into account characteristics like capital, technology, talent, culture and mark...

Alok Kejriwal Led TheRodinhoods Partners With Dell to Help Startups in India

11May By AnkitaNo Comments

News

Alok Kejriwal Led TheRodinhoods Partners With Dell to Help Startups in India

TheRodinhoods (TRH), an entrepreneurial based community announced that it has partnered with Dell in India to help serve the fast growing and booming startups in India. Explaining the tie-up, Asha Chaudhry, Co-Founder and Editor of TheRodinhoods said, “TheRodinhoods is a close-knit community that serves thousands of entrepreneurs in India - 11,500 of whom are registered members of our site. We are happy that Dell has chosen to support us in our cause and endeavor to help entrepreneurs. It will be our privilege to present Dell’s offerings to our community and beyond.” She further added, “When we began discussing synergies with Dell, we were able to showcase how we are very close to the startup scene in India and have inroads into the lives and dreams of many aspiring entrepreneurs who are...

12Oct By AnkitaNo Comments

FUNDING

Dell acquire EMC Corp for $67 billion

A record deal in technology industry Computer-maker Dell Inc buy data storage company EMC Corp for $67 billion. Dell tries to transform itself into a giant in the fast-growing market for managing and storing corporate data. The deal will help Dell, the world's No. 3 computer maker, diversify from a stagnant consumer PC market to faster-growing market for cloud-based data services. (more…)