Two international technology giants with a large presence in the Triangle are now doing business together.

Lenovo and EMC are formally doing business together as their joint venture focusing on services that was announced last summer is officially underway.

The formal completion of LenovoEMC Ltd. was announced Thursday.

Lenovo holds a majority interest in the venture.

Lenovo is battling HP for the ranking as the world’s No. 1 PC manufacturer. EMC is one of the world’s top manufacturers of servers and related storage devices as well as services.

The joint venture includes what Lenovo called “core assets” of EMC’s Iomega business.

“Lenovo’s record as one of the fastest-growing technology companies in the world and Iomega’s heritage as a leader in network storage solutions enables the joint venture to pursue growth opportunities and drive innovation in the SMB NAS market,” said Eric Arcese, the  president and general manager of LenovoEMC Ltd. “With the joint venture now underway, there’s a real sense of opportunity and excitement as we work with our partners and customers to firmly establish LenovoEMC Ltd as a leader in the fast-growing global SMB storage market.”

Lenovo offers its own lines of ThinkServer and ThinkStation servers.

EMC’s Iomega units offer diskless servers with up to 48 terabytes of capacity. 

The companies also are working together to market and sell other products. 

EMC operates manufacturing as well as research and development offices in the Triangle area.

Lenovo operates its executive headquarters in Morrisville with most operations based in China, where the company was launched.

[LENOVO ARCHIVE: Check out seven years of Lenovo stories as reported in WRAL Tech Wire.]