New Dell fund will invest in data storage technology

Jul 17, 2012
Michael Dell, the chief of US computer maker Dell, pictured in 2010, announced the launch of a $60 million fund focused on investing in technology for storing the massive amounts of data being collected by businesses.

The chief of US computer maker Dell on Tuesday announced the launch of a $60 million fund focused on investing in technology for storing the massive amounts of data being collected by businesses.

"We really believe in this explosion of data driven a lot by smartphones and tablets," , founder of the Texas-based company that bears his name, said at a Fortune Brainstorm Tech conference in Aspen, Colorado.

"The storage world is really getting shaken up a tremendous amount."

Dell saw "huge opportunity" for technologies and startups that help businesses store and make smart use of data being gathered in a world of mobile devices and applications hosted on servers in the Internet "cloud."

He said that was part of the motivation for Dell's purchases of EqualLogic and Compellent Technologies in the past five years and that his company would make more acquisitions in that area.

"We see this as an area of continuing innovation," Dell said. "So, these are the kinds of things we will be investing in."

Explore further: Winners and losers of the demise of the big Comcast deal

Related Stories

Dell planning acquisition: WSJ

Jun 11, 2009

US computer giant Dell is planning to acquire a"significant-sized company" in the next few months, The Wall Street Journal reported on Thursday.

Recommended for you

How smart are the mobile shoppers who use smartphones?

13 hours ago

In the age of the smart phone, how smart are the mobile shoppers who use these almost ubiquitous devices? A study from South Korea published in the International Journal of Mobile Communications hopes to answer that questi ...

India's Infosys gives muted earnings, stock falls

14 hours ago

Indian software giant Infosys Technologies saw its shares dip nearly seven percent Friday after it reported a single digit rise in yearly revenues and also missed quarterly profit estimates.

Apple wins patent appeal in China

18 hours ago

Apple has won an appeal in China over patent rights to voice recognition software such as the iPhone's "Siri", with a court overruling an earlier decision that had gone against the US technology giant.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.