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Wednesday, April 05, 2006
Dave Dewalt, the president of EMC’s software division was repeatedly referred to by MR as representative of the second line leadership in the industry that is getting ready to become CEO. Dave was the CEO of Documentum before getting acquired by EMC and he now runs EMC’s software division, now a multibillion dollar business by itself. Dave Dewalt’s session threw a lot insights – he first highlighted that EMC has changed a lot – so much that its software business alone showed a billion dollar run rate last quarter. EMC is heavily focused on building a software strategy to complement and leverage its storage network strength. EMC spends more than a billion dollar on R &D every year and Dave made a honest admission that it is leveraging global talent in a big way. Pointing to Tom Friedman’s work & further to Hagel & Brown’s work on sustainable edge – he highlighted bringing innovation from the edges into the core is a key approach that EMC wants to bank upon and towards this pursuit, EMC has several development centers around the world and increasingly investing lot more in India. Read my related note on offshoring product development. He identified key issues in adopting to the revised global model of working together Viz Timezone difference, cultural issues, bootstrapping innovation, go-to-support model. The cornerstone of EMC’s strategy is what he called A&D (acquire & develop) integrated as part of their overall R&D strategy.He saw the advantages in being able to reach to the market faster and EMC is benefiting out of it.
Category :EMC, Acquisitions |
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