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 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.