Dell Acquires Storage Solution Provider

Computer manufacturing giant Dell has reached an agreement to acquire the virtualised storage solutions company 3PAR for US$1.15 billion, as the Roudn Rock Texas based company seeks to expand its data management solutions offering.

3PAR is a pioneer of solutions for multi tenant cloud computing environments, which help businesses spend only on the storage required.

Dell believes that the acquisition will enable it to provide solutions to its customers, that contain at least a 50 per cent cost reduction in data management, which Dell says could be as high as 90 per cent in savings of storage administration costs.

“3PAR brings the same values of performance, agility and ease-of-use to higher end, virtualised storage deployments as EqualLogic does for the entry-level and mid-range, rounding out our industry-leading solutions portfolio,” said Brad Anderson, Dell senior vice president for the Enterprise Product Group.

“With Dell we combine a powerful, virtualised storage platform with an outstanding distribution network to deliver this value to an even broader set of customers,” added David Scott, president and chief executive of 3PAR.

3PAR was formed in 1999, and it is expected that Dell’s acquisition of the company will be completed by the end of the year with Dell paying $18 a share.

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