EMC Corporation

Definition

EMC Corporation was a multinational corporation that provided data storage, information security, virtualization, analytics, cloud computing and other products and services that enable organizations to store, manage, protect, and analyze data. EMC was acquired by Dell Technologies in 2016 and is now part of Dell's Enterprise Content Division.

5 Must Know Facts For Your Next Test

1. EMC Corporation specialized in data storage solutions critical for managing cash flows in financial computations.
2. The company played a significant role in developing technologies that support the management of large-scale financial databases.
3. Timing of cash flows in financial models can be optimized using EMC's storage solutions to ensure data integrity and availability.
4. Understanding how technology like EMC's can impact the efficiency of financial operations is crucial for finance professionals.
5. Post-acquisition by Dell Technologies, EMC's innovations continue to influence the tech infrastructure used for managing financial processes.

Review Questions

• What role did EMC Corporation play in supporting the management of large-scale financial databases?
• How can EMC's data storage solutions impact the timing and integrity of cash flows in financial models?
• What major change occurred to EMC Corporation in 2016?

Related terms

Time Value of Money: The concept that money available today is worth more than the same amount in the future due to its potential earning capacity.

Cash Flow Management: The process of tracking how much money is coming into and going out of your business.

Data Storage Solutions: Technologies and methodologies used to store digital information efficiently and securely.