History
EMC, founded in 1979 by Richard Egan and Roger Marino (the E and M in EMC), introduced their first 64-kilobyte memory boards for the Prime Computer in 1981, 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 was 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. 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.
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.
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.
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.
Read more about this topic: EMC Corporation
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