Two tech giants, Lenovo and EMC have reportedly joined hands. If reports are to be believed, these two biggies will broaden their footprint in the global x86-based server market.

It is reportedly said that Lenovo will contribute cash in the deal, while EMC will contribute certain assets and resources of Iomega. 

According to the deal, Lenovo and EMC will create a server technology development program aimed at the adoption of Lenovo’s enterprise server offerings, many of which will be embedded into various EMC storage systems over time. On the other hand, Lenovo will resell many of EMC’s networked storage solutions to its own customers in China in exchange for EMC’s support. It is worth noticing, China is a market for which EMC is striving to gain new grounds for a long time. 

According to Yuanqing Yang, Chairman  & CEO at Lenovo India, the latest announcement with the industry leader EMC is another solid step in company’s journey to build on foundation in PCs and become a leader in the new PC-plus era. The partnership will help Lenovo to fully deliver PC-plus strategy by giving the company strong back-end capabilities and business foundation in servers and storage. 

Further he added, EMC is the perfect partner to help Lenovo fully realize the PC-plus opportunity in the long term.

The joint venture is subject to customary closing procedures including regulatory approvals and is expected to close by the end of 2012. 

Check out latest IT news at itvoir.com