Lenovo and EMC Corporation have announced a strategic partnership through which the former improves its business foundation and the latter gains access to certain high-end markets.
Lenovo, in case it wasn't already clear, is the fastest-growing maker of PCs and just barely failed to catch up with HP (number 1 on the market).
Meanwhile, EMC Corporation is a provider of servers and network storage technology and products.
Thus, the two have decided to complement each other's strengths from now on, hence the partnership announced in a new press release.
All that Lenovo needs at the moment is to strengthen its business foundation, otherwise it won't keep up with demand and trends.
By comparison, EMC has a nice footing, but it seeks to expand, and Lenovo can help with that.
What we mean to say is that Lenovo is based in China and can introduce EMC's information and virtual infrastructures to the millions of customers from that region.
"Today's announcement with industry leader EMC is another solid step in our journey to build on our foundation in PCs and become a leader in the new PC-plus era," said Yuanqing Yang, Lenovo chairman and CEO.
"This partnership will help us fully deliver on our PC-plus strategy by giving us strong back-end capabilities and business foundation in servers and storage, in addition to our already strong position in devices. EMC is the perfect partner to help us fully realize the PC-plus opportunity in the long term."
Lenovo and EMC will start with a server technology development program, wherein Lenovo creates the servers and EMC uses them in select storage systems.
Secondly, Lenovo will promote EMC's networked storage solutions to Chinese customers and other global markets.
Finally, part of EMC's Iomega business, with Lenovo financing, will be molded into a new joint venture for SMB (small and medium business) Network Attached Storage (NAS) devices.