After a competitive bidding war over 3PAR between Dell and HP, a winner has been announced. 3PAR’s board of directors approved HP’s bid of $33 per share in cash or $2.35 billion in value and a joint announcement was given ending Dell’s hopes.
“HP and 3PAR is a winning combination that will accelerate HP’s Converged Infrastructure strategy and bolster our ability to provide customers with the industry’s highest levels of performance, efficiency and reliability,” said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. “We intend to invest in 3PAR’s technology to create long-term value for our stakeholders.”
“As part of HP, 3PAR’s agile, efficient storage solutions will truly thrive, particularly given HP’s ability to accelerate investment in our products and reach new customers around the world,” said David Scott, president and chief executive officer, 3PAR. “3PAR has built a reputation for delivering enterprises and cloud computing service providers the ability to do more with less. HP’s global reach, strong routes to market and our shared culture of innovation will allow even more organizations to experience the transformative value of 3PAR’s technology.”
It was also announced that 3PAR paid Dell the $72 million termination fee required as a condition of terminating the merger agreement.
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2012-02-09
The Internet Society recently set a date, June 6, 2012, as World IPv6 Launch Day, when it is expected that web companies and major Internet Service Providers (ISPs) will permanently enable the IPv6 protocol for ...
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2012-02-07
Last month, the United States Congress stopped consideration of two bills, the Stop Online Privacy Act (SOPA) in the US Senate and the Protect Intellectual Property Act (PIPA) in the US House of Representatives,...
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2012-01-31
Other web host providers may take a lesson from the recent set of problems that have been the experience of DreamHost, a domain name registrar and web hosting provider founded in 1996 and based in Los Angeles, C...
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2012-01-31
With the overwhelming reaction against the Stop Online Piracy Act (SOPA) and the PROTECT IP Act (PIPA), a few members of the United States Congress have put forth an alternative bill. Oregon Democrat Senator Ron...
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2012-01-30
At its simplest, Magento is a robust e-commerce solution built on a foundation of open-source technologies. The blended approach that Magento uses provides the best of both worlds for end-users. On one hand, the...
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2012-01-24
ICANN, the Internet Corporation for Assigned Names and Numbers, announced last week that the application system for the new gTLDs (Generic Top-Level Domains) of the Internet began on January 19th and is proceedi...
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2012-01-19
Amid Internet site blackouts and public outcries, the Stop Online Piracy Act (SOPA) has been placed on hold in the Senate while sponsors regroup and reconsider their position on this controversial topic. Along w...
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2012-01-18
Over the weekend, Zappos, the online store famous for its vast array of shoes for sale, announced that personal confidential information, including such items as email addresses, partial credit card numbers and ...
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2012-01-12
The United States Congress, returning from its holiday recess this month, will be resuming their consideration of three bills whose passage or rejection will have enormous effects on the ...
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2012-01-11
The Domain Name System (DNS) of the Internet usually runs without any hiccups, but a company that offers itself as an alternative DNS resource caused a severe problem last week for several hundred thousand web s...
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