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.