Dell acquires Compellent for $960 million

The PC maker lands its storage consolation prize after its failed bid for 3Par, in which it was outbid by Hewlett-Packard.

Dell finally got its storage acquisition. On Monday, Dell said it is officially buying Compellent Technologies in a deal valued at $960 million, or $27.75 a share.

According to Dell, the Compellent acquisition will allow it to better focus on data management, thin provisioning and storage for cloud computing shops.

After a failed bid to acquire 3Par--Dell lost out to Hewlett-Packard--the company needed to do something to bolster its storage line-up and remain a top 5 player. EMC is the storage leader and then the field is bunched with the likes of HP, NetApp, and IBM. Dell was at risk of being on the outside of the storage pack.

Read more of " Dell acquires Compellent for $960 million, lands its storage consolation prize" at ZDNet's Between the Lines.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

A second phone from OnePlus is coming this year

Co-Founder Carl Pei start talking about their next phone before the OnePlus 2 is even available. Samsung's Note 5 and S6 Edge Plus renders are leaked, and Google gives out Waffles.

by Brian Tong