HP closes 3Par purchase

Hewlett-Packard has finalized the acquisition of data-storage specialist 3Par following a successful tender for the company, according to a statement released on Monday.

The deal closed for a total of $2.35 billion, representing a cash value of $33 per share and significantly more than the $1.6 billion that HP first bid for 3Par in an effort to trump Dell.

The purchase allows HP to move into the enterprise-class public and private cloud environments. "As part of the HP Converged Infrastructure portfolio, which integrates servers, storage, networking and management technologies, 3Par solutions will further strengthen HP's ability to simplify data center environments for clients," the company said in a statement.

Read more of "HP closes 3Par purchase" at ZDNet UK.