Beijing-based Lenovo and EMC today announced a broad partnership enhancing Lenovo’s position in industry standard servers and networked storage solutions, which in other turn help EMC expanding it reach in China and other key, high-growth markets. The partnership leading the two companies towards the three main areas:
- First, Lenovo and EMC have formed a server technology development program that will accelerate and extend Lenovo’s capabilities in the x86 industry-standard server segments. These servers will be brought to market by Lenovo and embedded into selected EMC storage systems over time.
- Second, the companies 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.
- Finally, 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.
The joint venture will go in such a way that Lenovo will contribute cash, while EMC will contribute certain assets and resources of iomega. The joint venture is subject to customary closing procedures including regulatory approvals and is expected to close by the end of 2012.