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Privatized Dell takes bold step to shift focus
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Dell will establish a US$300 million innovation fund and cooperate with Google and Microsoft on cloud computing as the world’s No. 3 personal computer maker shifts focus to service and software.
Dell will also invest more to build up research and sales channels in emerging markets including China, executives said during the DellWorld 2013 held in Austin, Texas, on Friday, the first big event since the company was privatized.
The company unveiled the US$300-million Dell Strategic Innovation Venture Fund on entrepreneurship and innovation to invest in early-to-growth-stage firms on storage, cloud computing, big data, next-generation data center, security and mobility.
Dell also said it will cooperate with technology giants like Google, Microsoft and Dropbox on cloud computing, which offers users a unified platform and various services in a cloud-based and mobile-driven world.
“We are really excited about this, we have the financial strength and capital structure and scale to lead our industry,” said Michael Dell, founder and CEO. “And now as a private company we have the freedom to make the bold moves that are necessary.”
After being public for 25 years, going private helps Dell grow quickly.
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