Following a five-year absence, Dell has returned to the public markets, undergoing a complex reverse IPO with VMware just before Christmas. It’s a development that could have enormous implications for enterprise data storage. Newly flush with public capital, Dell has a powerful tool with which to make acquisitions, and the company now has plenty of incentive to do so.
Dell still has a lot of product consolidation work to complete left over from its $67 billion acquisition of EMC in 2016, and the macro trends around how the enterprise manages and stores data are starting to drive organizations away from on-premises storage equipment to hybrid cloud-based storage services. Dell can always rely on VMware to help the company compete in cloud computing, but Dell will need to be able to provide customers with on-demand, OpEx-based data storage and management solutions.