Lenovo and EMC Corporation announced that they have completed the formation of LenovoEMC Ltd, the joint venture previously announced in August 2012 along with a wider strategic partnership in industry standard servers and networked storage solutions. Incorporating the core assets of EMC's Iomega business, the new JV will bring co-branded network attached storage (NAS) solutions to distributed enterprise, remote branches, and small and medium businesses. In addition to the JV, the global strategic partnership between Lenovo and EMC Corporation also encompasses an x86 server technology development program, as well as an OEM and reseller relationship for EMC's storage solutions.