EMC Corporation

Type	Public
Traded as	NYSE: EMC S&P 500 Component
Industry	Data storage devices
Founded	1979
Founder(s)	Richard Egan Roger Marino
Headquarters	Hopkinton, Massachusetts, U.S.
Area served	Worldwide
Key people	Joseph M. Tucci (Chairman, President and CEO)
Products	List of products
Revenue	US$ 20 billion (2011)[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	50,000+ (2011)
Subsidiaries	VMware RSA Security Iomega
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] 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[link]

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]}

Products and services[link]

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]

Major acquisitions[link]

The following table includes the listing and timeline of EMC Corporation's major acquisitions of other companies since 1996.

Corporate culture and work environment[link]

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[link]

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[link]

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

See also[link]

• Jerusalem Venture Partners

References[link]

External links[link]

• EMC Corporation Website