Rick Lacroix
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Alex Pachetti
New York
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July 09, 2002
EMC to Offer Open, Platform-Independent Storage Consulting Services Through Innovative Agreement with Accenture

HOPKINTON, Mass. and NEW YORK; July 10, 2002 EMC Corporation (NYSE: EMC), the world leader in information storage, today announced a major expansion of its professional services portfolio to include open, platform-independent storage consulting through its newly formed Information Solutions Consulting group. These new professional services offerings are being developed through an innovative, five-year “business transformation outsourcing” agreement with Accenture (NYSE: ACN), the world’s leading management consulting and technology services organization. Business transformation outsourcing from Accenture helps clients like EMC accelerate new strategic initiatives.

“We are developing an open, platform-independent services strategy that will complement EMC’s delivery of the world’s most open networked storage solutions,” said Joseph Walton, EMC Senior Vice President, Global Services. “Just as EMC is creating platform-independent software through the AutoIS strategy, we are now developing a full range of consulting services for heterogeneous storage environments. This new group will provide customers with quantifiable measurements through business analysis of their organization’s entire storage infrastructure and operation. This agreement will help grow, scale and transform a segment of our professional services organization into a best-in-class provider of storage consulting, and is a natural extension of our existing capabilities.

The Information Solutions Consulting group will provide strategic storage consulting services that will help customers streamline business processes, gain efficiencies and better leverage all of their heterogeneous storage resources. The new dedicated business unit will be under the direction of EMC’s Global Services organization with Accenture providing consulting delivery and management expertise. Both companies will assign skilled resources to the new group. The new services will be offered separately from those provided by EMC’s existing 1,400-strong professional services organization that focuses on EMC-specific technology.

“Storage networking environments are growing larger and more complex,” said Dr. Kevin McIsaac, Program Director, Server Infrastructure Strategies at analyst firm META Group. “Increasingly, organizations are looking for services specific to the people, processes and technology in their information storage infrastructure.”

Industry analyst firm IDC estimates that the storage consulting services market will grow from $2.8 billion in 2001 to more than $4 billion in 2005. While there is a growing demand for storage consulting services, no one company holds a significant lead in the field of end-to-end storage infrastructure services.

“Accenture has significant experience helping companies pursue new market opportunities and develop new capabilities,” said Bill Green, group chief executive of Accenture’s Communications & High Tech operating group. “Through Accenture’s business transformation outsourcing, EMC can focus on the customer and leverage its deep knowledge of storage solutions while relying on Accenture’s extensive professional services and management experience.”

About Accenture
Accenture is the world’s leading management consulting and technology services organization. Through its network of businesses approach – in which the company enhances its consulting and outsourcing expertise through alliances, affiliated companies and other capabilities – Accenture delivers innovations that help clients across all industries quickly realize their visions. With more than 75,000 people in 47 countries, the company generated net revenues of US $11.44 billion for the fiscal year ended August 31, 2001. Its home page is www.accenture.com.

About EMC
EMC Corporation (NYSE: EMC) is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC’s products and services can be found at www.emc.com/global_services/isc/index.jsp?openfolder=isc.

This release contains “forward-looking statements” as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward looking statements as a result of certain risk factors, including, but not limited to: (i) further adverse changes in general economic and business conditions; (ii) the companies’ failure to realize the anticipated benefits of their cooperative relationship; (iii) further delay in information technology spending; (iv) inadequate demand for the companies’ offerings, products or services; (v) the level and intensity of competition in the technology industry and the pricing pressures that have resulted; (vi) the companies’ abilities to develop new offerings or products based on new or evolving technology and the market’s acceptance of those offerings or products; (vii) the companies’ abilities to effectively manage operating costs and increase operating efficiencies; (viii) the effect of armed hostilities or other conflict on the economy generally, on the level of demand for the companies’ offerings, products or services, and on the companies’ abilities to manage supply and delivery logistics in such an environment; and (ix) other one-time events and other important factors disclosed previously and from time to time in the companies’ filings with the U.S. Securities and Exchange Commission.