Joe Tucci on EMC’s relationship with Cisco
During EMC’s recent earnings announcement on October 24th President and CEO Joe Tucci directly addressed EMC’s relationship with Cisco. Here’s his statement from the earnings script as well as a few stories that were generated as a result.
Joe Tucci, Chairman, President and CEO, EMC
“…I would like to comment on our relationship with Cisco and the future of our VCE joint venture. For the record, EMC and Cisco have benefited from a decade-long partnership. My close personal relationship with John Chambers goes back over 20 years, and we enjoy our friendship of trust and confidence in each other that is reflected in the way our teams work together.
Some have called into question the viability of our relationship with Cisco and VCE because of VMWare’s entrance into the networking space. The reality is that software-defined networking complements the network infrastructure, and EMC has no plans to drive deeper into networking by acquiring a network hardware company. We believe continued innovation and network infrastructure by the partner ecosystem will enable higher performance transmission of data in next-generation data centers. In short, we are committed to work closely and cooperatively with Cisco, our premier partner.
VCE is a top strategic priority for EMC. We continue to ramp investments in VCE, which continues to meet and exceed our business objectives, approaching a $1 billion run rate in less than 3 years. There are now over 500 VCE customer deployments, including many in large Fortune 500 companies. These customers demanded and are receiving the benefits of rapid deployment, higher performance and higher availability, and very importantly, they are getting these benefits at a lower total cost of ownership. In short, we believe VCE represents the fastest and most cost-effective way for organizations to build out their cloud infrastructures, and we are committed to VCE’s success….”