Lenovo, EMC team on expanded storage for enterprises

Lenovo Group Ltd. (SEHK: 0992) and EMC Corp. (NYSE: EMC) on Wednesday announced their partnership to jointly develop new storage and server technology.

The products developed under the partnership will be brought to market by Lenovo and embedded into selected EMC storage systems. The companies also are leveraging technology from EMC's Iomega business into a new joint venture that will provide network attached storage systems to small and mid-sized businesses.

The two companies also forged an original-equipment-manufacturer (OEM) and reseller relationships in which Beijing-based Lenovo will provide EMC's networked storage solutions to its customers, initially in China and eventually in other markets.

"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," Lenovo Chairman and CEO Yuanqing Yang said in a statement.

Under the joint venture, Lenovo will contribute cash, while Hopkinton, Mass.-based EMC will contribute assets and resources of Iomega. Lenovo will hold a majority interest in the new joint venture.

For more:
 - see the release

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