EMC Corporation is a multinational American corporation that was founded in 1979 by Richard Egan and Roger Marino. It is headquartered in Hopkinton, Massachusetts but conducts business on a worldwide scale. The company specializes in computer storage and offers data storage, information security, virtualization, and cloud computing products and services. Their services include technology consulting, technology deployment, customer service and support, and training. Businesses, including the large Fortune 500 companies, utilize EMC’s services to protect and analyze large volumes of data. They remain one of the largest competitors for powerhouses such as IBM, NetApp, Hewlett-Packard, and Hitachi Data Systems. In 1986, EMC stock went public at $16.50 per share and is it currently listed on the New York Stock Exchange today. Its annual reported revenue as of 2012 is $21.713 billion, with net income of $2.732 billion and total assets of $38.068 billion. The company employs 60,000 people and has subsidiaries of VMware, RSA Security, and Iomega.