[August 02, 2012] Lenovo partners with EMC Tweet Aug 02, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Lenovo Group Limited, a Hong Kong-based manufacturer of personal computers (PCs) related IT products, and services, has partnered with EMC Corporation, a US-based information infrastructure company, providing hardware, software and services for managing and protecting data, to develop servers and storage products. As part of the transaction, Lenovo and EMC have formed a server technology development program that will accelerate and extend Lenovo's capabilities in the x86 industry-standard server segment. These servers will be brought to market by Lenovo and embedded into selected EMC storage systems over time. Further, Lenovo and EMC have forged an OEM and reseller relationship in which Lenovo will provide EMC's industry-leading networked storage solutions to its customers, initially in China and expanding into other global markets in step with the ongoing development of its server business. In addition, EMC and Lenovo plan to bring certain assets and resources from EMC's Iomega business into a new joint venture which will provide network attached storage (NAS) systems to small/medium businesses (SMB) and distributed enterprise sites. Deal Type Partnership Sub-Category Co-Marketing Deal Status Completed: 2012-07-31 Deal Participants Partner 1 (Company) Lenovo Group Limited Partner 2 (Company) EMC Corporation Deal Rationale The partnership enhances Lenovo's position in industry standard servers and networked storage solutions, while significantly expanding EMC's reach in China and other key, high-growth markets. [ Back To TMCnet.com's Homepage ]