Hopkinton, - October 12, 1999 -
EMC Corporation, the world's leading provider of intelligent enterprise storage systems, software, and services, today announced the completion of its acquisition of Data General Corporation.
Under the terms of the merger agreement, which was announced August 9, 1999, each share of Data General common stock will be exchanged for 0.3125 shares of EMC common stock. This exchange ratio is based on the average share price for EMC common stock during the 20-day trading period that ended October 1.
The acquisition of Data General will further strengthen EMC's market-leading portfolio of intelligent enterprise storage systems, software and services, through the addition of Data General's CLARiiON line of midrange storage systems. Data General's AViiON server business will continue to focus on the UNIX and Windows NT marketplaces, its industry-leading NUMA (non-uniform memory access) technology, and serving the needs of its substantial worldwide customer base.
EMC Corporation, based in Hopkinton, Massachusetts, is the world's technology and market leader in the rapidly growing market for intelligent enterprise storage systems, software, networks and services. EMC's products store, retrieve, manage, protect and share information from all major computing environments, including UNIX, Windows NT and mainframe platforms. With 1998 revenues of $3.97 billion, EMC has offices worldwide, trades on the New York Stock Exchange under the symbol EMC, and is a component of the S&P 500 Index. For further information about EMC and its storage solutions, EMC's corporate web site can be accessed at http://www.emc.com.
Dell EMC, a part of Dell Technologies, enables organizations to modernize, automate and transform their data center using industry-leading converged infrastructure, servers, storage and data protection technologies. This provides a trusted foundation for businesses to transform IT, through the creation of a hybrid cloud, and transform their business through the creation of cloud-native applications and big data solutions. Dell EMC services customers across 180 countries – including 98 percent of the Fortune 500 – with the industry’s most comprehensive and innovative portfolio from edge to core to cloud.