It’s 2019, and after a five-year stint as a private company, Dell Technologies has returned to the public markets. It’s a move that could have enormous implications for enterprise data storage. As a former Dell executive, I’ve closely followed the company’s recent journey from private to public, most recently writing in May about the implications of Dell’s then-rumored plans to go public via a reverse merger. Now that Dell has gone through with that plan, the company has both the means and incentive to fill gaps in its product portfolio through acquisition using its public stock as currency. As a result, the newly public Dell could heat up the enterprise storage M&A market, increasing prices and accelerating exits.
Since it went private five years ago, Dell hasn’t exactly been idle when it comes to storage. After all, the company did acquire the largest data storage vendor in the world when it bought EMC in 2016. And by the numbers, Dell is still in a great place in the storage industry. According to IDC, Dell was the leader in Q3 2018, with just over 19 percent of the total storage equipment market.