Dell the US based computer manufacturer or may be the synonym of personal computer completed the acquisition of data storage firm EMC, creating the largest privately held technology group with a range of computing services.

The completion creates a new firm called Dell Technologies and finalizes a record $67 billion (around Rs. 4,45,231 crores) deal for EMC, which will help the struggling PC maker accelerate its efforts in cloud and mobile computing.

Dell founder and Chairman Michael Dell, who took the computer maker private in 2013, said the new firm would be better positioned to compete in the evolving technology landscape.

"We are at the dawn of the next industrial revolution," he said in a statement.

The company which is known as a world heavyweight for direct services to the customers, was created by the Chairman Michael Dell in his college dorm room at the Texas University.

Cloud computing, data analytics, mobility and cyber security are the new offerings by the company as a new enterprise. This step will take Dell further away from the field of personal computer which is already seeing its darker days.