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Lenovo and EMC Create
LenovoEMC JV
To
Sell Iomega NAS Storage to SMBs and Distributed Enterprise Sites
Lenovo and EMC Corporation have
completed the formation of LenovoEMC Ltd, the joint venture previously announced
in August 2012 along with a wider strategic partnership in industry standard
servers and networked storage solutions.
Incorporating the core assets of EMC's
Iomega business, the new JV will bring co-branded NAS solutions to distributed
enterprise, remote branches, and SMBs.
"Lenovo's record as one of the
fastest-growing technology companies in the world and Iomega's heritage as a
leader in network storage solutions enables the joint venture to pursue growth
opportunities and drive innovation in the SMB NAS market," said Eric Arcese,
president and GM, LenovoEMC Ltd. "With the joint venture now underway, there's a
real sense of opportunity and excitement as we work with our partners and
customers to firmly establish LenovoEMC Ltd as a leader in the fast-growing
global SMB storage market."
The Iomega networked storage portfolio includes desktop,
tower and rackmount array products ranging in capacity from diskless versions
(0TB) up to 48TB. Iomega NAS solutions include the EMC LifeLine operating
system, which combines features and benefits with an ease-of-use tailored to
small business users, remote enterprise offices, departmental data centers and
others. These capabilities provide storage expansion to Lenovo's ThinkServer and
ThinkStation server and workstation offerings.
In addition to the JV, the global
strategic partnership between Lenovo and EMC also encompasses an x86 server
technology development program, as well as an OEM and reseller relationship for
EMC's storage solutions.
Both EMC and Lenovo are shareholders
of LenovoEMC, with Lenovo holding the
majority interest.
| Iomega px12-450r Network Storage
Array 12-bay Rackmount NAS |
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