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EMC Corporation
Company typePublic
NYSE: EMC
S&P 500 Component
IndustryHigh Tech
Founded1979
FounderRichard Egan
Roger Marino
Headquarters
Hopkinton, Massachusetts
,
U.S.
Area served
Worldwide
Key people
Joseph M. Tucci
(Chairman, President and CEO)
ProductsList of products
RevenueIncrease US$ 20.007 billion (2011)[1]
Increase US$ 2.683 billion (2011)[1]
Increase US$ 1.970 billion (2011)[1]
Total assetsIncrease US$ 30.833 billion (2011)[1]
Total equityIncrease US$ 18.167 billion (2011)[1]
Number of employees
53,600 (2011)
SubsidiariesVMware
RSA Security
Iomega
WebsiteEMC.com

EMC Corporation (NYSE: EMC) is a Fortune 500, S&P 500 American multinational corporation that provide businesses to build Web-based computing systems with its data storage products and services.[2] It 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] The company's logo also incorporates exponent 2, a reference to Albert Einstein's mass–energy equivalence theory.

EMC stock went public on April 06, 1986 at a price of $16.50 per share.[5]

History

Richard Egan
Richard Egan, co-founder of EMC Corporation

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, and his Symmetrix development team grew from several people to thousands. From 2001, Yanai was named a Founder and EMC Fellow, continuing to serve as a technical strategist. [10]

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 it was investing $160 million in Singapore to set up a new 15,000 square foot (1,400 m2) development laboratory that 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.[clarification needed][13]

The name of the third founder of EMC is unknown. He dropped out of the trio prior to the company taking off. The name EMC could not be changed after his departure due to Egan and Marino having spent their last dollar copy writing the company logo.

Products and services

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. 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 Symmetrix VMAX, Symmetrix VMAXe, CLARiiON (discontinued), Celerra (discontinued)[15], VNX, VNXe, Iomega, Isilon
Virtualization VMware, VPLEX
Information Security RSA Security
Backup, Recovery and Archiving DataDomain, Avamar, DiskXtender, RecoverPoint, SRDF, NetWorker, Centera, SourceOne
Data warehousing/ Business intelligence Greenplum
Enterprise content management and Information governance Documentum, SourceOne, xDoc, Captiva
IT management Ionix, SMARTS, Pivotal Tracker
Cloud computing EMC Atmos, vBLOCK,
Services Consulting, Customer support, Education Services, Managed Services, Technology Services and Solutions

Major acquisitions

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 XtremeIO[62] Pivotal Labs[63]

Corporate culture and work environment

EMC is a global company with over 47,000 employees worldwide.[64] In 2011, EMC was ranked 2nd on Fortune’s list of the World’s Most Admired Computer Companies, and it was 3rd in 2010.[65][66] 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.[67] 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.[68]

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.[69] In Ireland, EMC was ranked 4th in the Great Place to Work Institute’s Best Places to Work, where employees ranked companies.[70] 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[71] and also 66th ranked in BusinessWeek's List of Top 100 Places to Launch a Career.[72] In 2009 Collegegrad.com list of Top 50 Entry Level Employers.[73]

Corporate responsibility and sustainability

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.[74] EMC Ranked 66th on Newsweek’s U.S. Green Rankings and 20th in the Technology Green Rankings in 2010.[75] In February 2010, EMC joined the Ceres Network, a non-profit organization that addresses sustainability challenges, such as global climate change.[76] 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.[77]

EMC sponsors programs in the U.S. that strive to improve education for science, technology, engineering, and mathematics (STEM)[78] and 19,000 students have taken Information Storage and Management courses from 2006-2009.[79] 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.[80] EMC and its employees support a variety of local community foundations and programs in order to give back to their local communities.[81]

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.[82]

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.[83] 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.[84] EMC is also a member[85] of one of Green Grid’s Alliance Partners, SNIA.[86] SNIA is a non-profit organization

A March 2011 TED lecture by Morgan Spurlock, creator of the documentary Supersize Me, was partly sponsored by EMC. The company bought the naming rights to the lecture, titled "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 EMC paid was donated to The Sapling foundation--the parent company of TED Conferences, LLC.[87]

SecurID Breach

On March 17, 2011, EMC's security division, RSA, was the target of an Advanced Persistent Threat.[88]

See also

References

  1. ^ a b c d e "2010 Form 10-K, EMC Corporation". United States Securities and Exchange Commission.
  2. ^ Hoovers Profile: EMC Corporation
  3. ^ Reuters Profile: EMC CORPORATION (EMC)
  4. ^ EMC Company Website: Investor Relations Frequently Asked Questions
  5. ^ EMC Corporation Announces Two-for-One Stock Split;Annual Meeting of Stockholders, Live Video Web, May 3, 2000 D&B AllBusiness
  6. ^ "What does EMC stand for?"
  7. ^ "What's Eating EMC?". Forbes. November 26, 2001. Retrieved 2009-07-01.
  8. ^ "Crony Capitalism". Forbes. November 26, 2001. Retrieved 2009-10-23.
  9. ^ EMC Company Web site, July 19, 2000 "EMC Reports 43% Growth in Storage Revenue, First $2 Billion Quarter".
  10. ^ EMC Company Web site, November 29, 2001 "EMC Strengthens Operational Alignment"
  11. ^ "Joseph M. Tucci at EMC (EMC) Executive Compensation". Equilar. Retrieved 2010-04-19.
  12. ^ "EMC to Open Software Development Center in China". EMC. Archived from the original on 2006-07-21. Retrieved 2008-03-26.
  13. ^ "NetQoS and EMC Partner to Deliver First Integrated Infrastructure Discovery and Performance Monitoring Solution" (Press release). NetQoS. November 12, 2007. Retrieved 2008-03-26.
  14. ^ D&B AllBusiness Company Profile:EMC Corporation
  15. ^ EMC Discontinues Clariion, Celerra Storage Lines
  16. ^ CNET, Aug. 9,1999. : EMC buys Data General for $1.1 billion
  17. ^ CNET, Jan. 9, 2006. : EMC Acquires Internosis
  18. ^ NetworkWorld, Oct. 14, 2003. : EMC offers $1.7 billion in stock for Documentum
  19. ^ InfoWorld, March 16, 2004. : EMC division buys Xerox askOnce Unit
  20. ^ eWeek,Oct. 26, 2005. : EMC Acquires Acartus, Adds to its Archiving Strategy
  21. ^ CNET, Oct. 20, 2005. : EMC Acquires Captiva for $275 million
  22. ^ CNET, April 15, 2003. : EMC scoops up software player
  23. ^ ComputerWorld, Dec. 21, 2004.: EMC Acquires SMARTS in $260M deal
  24. ^ VMware, Jan. 4, 2004. : EMC Completes Acquisition of VMware
  25. ^ SearchStorage.com, Aug. 17, 2005. : EMC Acquires Rainfinity for File Migration
  26. ^ Network Computing, Jan. 6, 2006. : Information-management EMC and Acxiom Ink Grid Computing Deal
  27. ^ NetworkWorld, July 8, 2003. : EMC Snatches up Legato
  28. ^ Forbes, Oct. 12, 2004. : EMC Would Like this Dantz
  29. ^ eWeek, Nov.11, 2004. :[ www.eweek.com/c/a/Data-Storage/EMC-Acquires-Allocity EMC Acquires Allocity]
  30. ^ UK Register, Nov. 15, 1010.
  31. ^ eWeek, May 11, 2006. : EMC buying spree snares Interlink
  32. ^ Businessweek, July 9, 2007. :Geniant LLC
  33. ^ Gartner Research, Sept. 5, 2007. : EMC Extends Consulting with Acquisition of BusinessEdge
  34. ^ Information Age, April 10, 2008. : EMC buys a presence in European Consulting
  35. ^ Forbes, June 30, 2006. : EMC Buys RSA Security for $2.1B
  36. ^ Network Computing, March 7, 2006. : EMC Acquires Authentica
  37. ^ InfoWorld, Sept. 18, 2006. : EMC buys Network Intelligence
  38. ^ InfoWorld, Feb. 7, 2007. : EMC to Acquire Indian Security Software Company
  39. ^ CNET, June 4, 2007. : EMC Acquires Security Company Verid
  40. ^ SearchStorage.com, Aug. 9, 2007. : EMC Buys Tablus for Data Classification and Security
  41. ^ InformationWeek, Jan. 4, 2010. : EMC Acquires Archer Technologies
  42. ^ CNET, June 20, 2006. : EMC Acquires ProActivity
  43. ^ eWeek, July 20, 2007. : EMC Acquires Dutch XML Company
  44. ^ CMSWire, Jan. 2, 2008. : EMC to Acquire Document Sciences Corp
  45. ^ ComputerWorld, Sept. 1, 2009.: EMC to Acquire e-discovery vendor Kazeon
  46. ^ NetworkWorld, June 7, 2006. : EMC Acquires nLayers
  47. ^ NetworkWorld, Nov. 1, 2007. : EMC Acquires Voyence
  48. ^ InformationWeek, March 11, 2008. : EMC Acquires IT Service Management Software Provider Infra
  49. ^ InfoWorld, May 28, 2009. : EMC to Acquire ConfigureSoft
  50. ^ PCWorld, Aug. 31, 2009. : EMC to Acquirs Cloud Support Vendor FastScale
  51. ^ NetworkWorld, June 20, 2006. : VMware Acquires Virtualization Company Akimbi
  52. ^ CRN, May 9, 2006. : EMC Acquires Kashya
  53. ^ NetworkWorld, Nov. 1, 2006. : EMC Acquires Data DeDuplication Vendor Avamar
  54. ^ CRN, May 8, 2007. : EMC Adds Bare Metal Recovery by Acquiring Indigo Stone
  55. ^ NetworkWorld, Sept. 24, 2007. : EMC Acquires Online Backup Provider Mozy
  56. ^ EnterpriseStorageForum, April 7, 2008. : EMC Buys Some Data Protection ‘WysDM’
  57. ^ SearchStorage.com, April 8, 2008. : EMC Acquires Iomega
  58. ^ InformationWeek, July 9, 2009. : EMC Acquires Data Domain for $2.4B
  59. ^ NetworkWorld, Feb. 22, 2008. : EMC Buys Pi
  60. ^ SearchStorage.com, Jan. 5, 2008. : EMC Acquires open-source assets from Source Labs
  61. ^ ComputerWorld, July 6, 2010.: EMC to Acquire Data Warehouse Vendor GreenPlum
  62. ^ Shelach, Shmulik (10 May 2012). "EMC buys XtremIO for $430m". Globes. Retrieved 10 May 2012.
  63. ^ Greenplum, March 20, 2012.: EMC Acquires Pivotal Labs
  64. ^ Yahoo! Finance : EMC Corporation (EMC)
  65. ^ "World's Most Admired Companies 2011: Industries - Computers - FORTUNE on CNNMoney.com". 2011-03-21. Retrieved 2012-05-14.
  66. ^ Fortune’s Most Admired Companies. March 22, 2010 : Full Computer Industry list
  67. ^ CIO.2010. : 2010 CIO 100 Winners
  68. ^ NetProspex. May 2010. : Social Report
  69. ^ Glassdoor.com Blog. Dec 15, 2009 : Employees’ Choice Awards for Top 50 Places to Work
  70. ^ Irish|Dev. March 30, 2010. : Top 20 Best Workplaces in Ireland
  71. ^ BusinessWeek. 2008. : Best Internships for 2008
  72. ^ BusinessWeek. 2008. : 2008 Best Places to Launch a Career
  73. ^ CollegeGrad.com. 2009. : Top Entry Level Employers of 2009
  74. ^ Corporate Responsibility Magazine: CR’s 100 Best Corporate Citizens 2010
  75. ^ Newsweek’s US Green Rankings 2010: EMC
  76. ^ Ceres.org. Feb 19, 2010. :EMC Corporation Joins Ceres Network of Companies
  77. ^ EMC.com Sustainability: Enable the Eco-Enterprise
  78. ^ EMC.com Sustainability: Social Investment, Educations Partnerships in Americas
  79. ^ EMC.com Sustainability: Social Investment, Performance
  80. ^ World Economic Forum: Global Education Initiative
  81. ^ EMC.com Sustainability: Social Investment, Community Involvement
  82. ^ EICC : Membership
  83. ^ The Green Grid :Member’s List
  84. ^ The Green Grid : Our Mission
  85. ^ SNIA : Membership Directory
  86. ^ SNIA : SNIA Alliances
  87. ^ Spurlock, Morgan. "The greatest TED talk ever sold". TED 2011. TED Conferences, LLC. Retrieved 6 April 2011.
  88. ^ "RSA hit by advanced persistent threat attacks". Computer Weekly. March 18, 2011. Retrieved August 3, 2011.
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