| Notes |
The EMC & Israel Special Relationship
With $24 billion in revenue and a $50
billion market cap, EMC is the state’s largest
tech giant, and one of its most successful
companies. EMC’s long history with Israel
traces back to when the company transformed
from selling minicomputer memory boards
to enterprise storage arrays. The makeover
began when Moshe Yanai, an Israeli recruited
to EMC, led a team in the 1980s and 1990s to
create and develop Symmetrix, the company’s
flagship product, which remains the world’s
most successful computer storage system. In
testament to the importance of his technology
leadership, EMC named Yanai a “Founder”
in 2001, more than twenty years after the
company was first formed.31
Since 2005, EMC has acquired nine Israeli
companies, as well as RSA, a company cofounded by Israeli cryptographer Adi Shamir
(the “S” in RSA). See figure 8 for a complete
list of EMC’s Israeli-founded acquisitions. The
most notable recent acquisition is XtremIO
for $430m in cash, even before the company
had released a product. But the company’s
technology was tailor-made for the needs
of EMC’s corporate clientele. After being
commercialized by EMC and rolled out to its
sales force, the EMC XtremIO All-Flash Array
racked up $1b in sales in its first 18 months,
making it the fastest product launch in EMC’s
history, and grabbing the #1 market share
position versus competitive offerings.
Today, EMC employs over 1,000 people in
Israel per LinkedIn. In addition, many Israelifounded companies choose Massachusetts for
their U.S. headquarters to be at the epicenter
of the industry anchored by EMC, including
EMC alumni who founded CloudLock, Infinidat,
Kaminario, PeerApp, Simplivity, and Zerto.
Looking ahead, the next decade of EMC’s
growth will take place as “Dell EMC,” following
the implementation of the world’s largest tech
deal ever, expected to be finalized in 2016. |