Nearly one year after signing a definitive agreement, Dell has completed its acquisition of EMC Corp. At $60 billion, this is the largest technology merger in history, according to The Wall Street Journal.
The company being born of the transaction is called Dell Technologies, and it will focus on selling IT to businesses. Dell announced the new name late August.
Dell Technologies will have $74 billion in revenue, making it the world's largest privately held tech company, reports WSJ.
"We are at the dawn of the next industrial revolution," said Michael Dell, chairman and CEO of Dell Technologies, in a statement. "Our world is becoming more intelligent and more connected by the minute, and ultimately will become intertwined with a vast Internet of things, paving the way for our customers to do incredible things. This is why we created Dell Technologies. We have the products, services, talent and global scale to be a catalyst for change and guide customers, large and small, on their digital journey."
Dell Technologies will employ approximately 140,000 people around the world. Its headquarters will be in Hopkinton, Mass., where EMC's headquarters were.
More articles on health IT:
Jonathan Bush: We're using old technology to measure how bad new technology is
Cerner opens health clinic in India
Medical College of Wisconsin breach affects 3,200 patients