Dell buys 3PAR for just over $1 billion

3PAR makes some fine storage products.  The interesting thing is that Dell already bought EqualLogic and resells EMC low-end kit.  You’d think someone at Dell was looking to corner the market on SMB storage solutions.

Dell To Buy Data Storage And Management Company 3PAR For $1.13 Billion

Dell has agreed to acquire 3PAR, a competitor to the likes of IBM, HP, EMC and Hitachi in the data storage and management space.

The transaction is valued at $18 per share in cash – marking a 86.5% premium to company’s Friday closing price of $9.65 – or approximately $1.13 billion.

Published in: on August 16, 2010 at 3:17 pm  Comments (1)  

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One CommentLeave a comment

  1. Appreciate this. helpful

    Thanks !

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