The PC maker lands its storage consolation prize after its failed bid for 3Par, in which it was outbid by Hewlett-Packard.
A recent flurry of storage acquisitions (consuming 3PAR, Isilon, Compellent, and others) leaves enterprises few remaining alternatives to the largest vendors.
With the appointment of David Scott, HP strengthens the management bench for its storage unit as it lookos to sell high-end 3Par systems throughout its channel.
HP will pay a decent premium for the security software company, the Journal reports, but nothing 3Par-like.
With Dell's acquisition of 3Par, David Scott ends an epic journey as 3PAR's CEO. What else does Dell/3PAR mean for 3Par, Dell, EMC, and the storage industry?
Ever faster, ever higher come the acquisition offers for storage specialist 3Par, which both Dell and HP are seeking to help boost their cloud-computing lineups.
In midst of bidding war with Dell to acquire storage vendor 3Par, HP receives authorization from its board to repurchase up to $10 billion of its own shares as it sees opportunities.
Hewlett-Packard raises the stake yet again in the quest to acquire 3Par, saying it will pay $27 a share, just hours after Dell raised its offer to $24.30.
The $1.6 billion offer to acquire storage vendor 3Par marks a 33 percent jump over rival Dell's $18-per-share bid from last week.
3Par offers highly virtualized storage arrays designed to help businesses treat storage as a utility, meaning they use--and pay for--capacity only as they need it.