Lenovo, the largest PC company in China and the world’s second-largest PC vendor, has signed an agreement with EMC to promote the sale of equipment storage and server devices for corporate networks.
According to this agreement, Lenovo’s machines will be manufactured by EMC, a leader in delivering in the storage market with cloud computing , the agreement will initially focused in China and will allow EMC to expand its presence in that important growing market, while Lenovo gets extended its product range beyond the computers and expand its presence worldwide.
The reseller agreement focuses on the storage area network. Lenovo will provide cash and will hold a majority interest in this joint venture, that will help them sell storage equipment companies in the SME environment. While EMC will provide assets and resources of Iomega, one of its company, and will own the remaining shares.
Joe Tucci, chairman and CEO of EMC said that the agreement with Lenovo is a great opportunity for EMC to expand its presence in China, a very important market, and extend it to other parts of the world over time.
Tucci also mentioned that this new alliance won’t interfere with their relationship with Cisco.
Yuanqing Yang, Lenovo chairman and CEO says on the press release:
Today’s announcement with industry leader EMC is another solid step in our journey to build on our foundation in PCs and become a leader in the new PC-plus era. This partnership will help us fully deliver on our PC-plus strategy by giving us strong back-end capabilities and business foundation in servers and storage, in addition to our already strong position in devices. EMC is the perfect partner to help us fully realize the PC-plus opportunity in the long term.