The world’s third-largest PC-maker has reportedly reached to terms in order to buy Fremont’s 3PAR Incorporation for about $1.15 billion. Gaining the latest data storage equipment and software to strengthen Dell’s growing corporate data-center business has been cited as the prime reason for this complete buy-out.
According to the official announcement made by Dell on Monday 16th August, 2010, as a result of a sharp business move that will certainly help to boost the capabilities for building private and public cloud computing environments, Dell has agreed to acquire the widely-known virtualized storage provider 3PAR for about US$1.15 billion.
3PAR Incorporation is an American company that manufactures systems and software for data storage and for information management as well and Dell is going to buy it because the management at Dell believes that 3PAR’s Utility Storage platform, that is used by seven of the world’s top-10 grossing managed service providers, has the unique ability to noticeably cut-down the administrative, space and power costs above conventional storage arrays.
During last Year, Dell’s $3.9 billion acquisition of system integrator Perot Systems clearly revealed that it has serious designs of its own for that market, so the 3PAR deal, that is just the latest move by Dell, is said to be happened to flesh out a pile of Dell’s data center technologies.
According to the latest updates by the officials both at Dell, the deal to get hold of 3PAR is expected to close, in all relevant aspects, by the end of this year.
3PAR
