Monday, December 22, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Semiconductor Market Set for Strongest Growth in Four Years in 2014
New Asus Dual-camera Zenfone Coming At CES
Samsung Introduces SE790C Curved Monitor
Chinese Motion-sensing VR Glasses Coming On Kickstarter
Kodak Returns To CES With Consumer Product Line
North Korea Suggests Joint Inverstigation With U.S. Over Sony Hacking
T-Mobile to Pay $90 Million To Settle Case With FCC
New Trojan Targetted Banks Wordlwide
Active Discussions
Digital Audio Extraction and Plextools
Will there be any trade in scheme for the coming PSP Go?
Hello, Glad to be Aboard!!!
Best optical drive for ripping CD's? My LG 4163B is mediocre.
Hi All!
cdrw trouble
CDR for car Sat Nav
DVD/DL for Optiarc 7191S at 8X
 Home > News > General Computing > HP To A...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, September 03, 2010
HP To Acquire 3PAR


HP and 3PAR Inc. have finally entered into a definitive agreement under which HP will purchase 3PAR through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion.

The agreement ends the bidding war that has escalated last week, as both HP and Dell were trying to expand into new business areas.

3PAR is a leading global provider of storage solutions with advanced data management features for multi-tenant cloud-computing environments.

Combining 3PAR's utility storage products with HP's existing storage solutions will strengthen HP's storage, server and networking portfolio. 3PAR will accelerate HP's highly Converged Infrastructure strategy by driving growth in the fast-growing virtual data center and cloud computing markets.

"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."

3PAR also announced that it has terminated its merger agreement with Dell Inc. and paid Dell the $72 million termination fee required to be paid to Dell as a condition to terminating the merger agreement.

HP and 3PAR Inc came into the agreement after Dell's announcement that it would not increase its most recent proposal to acquire 3PAR, since ell's final offer to acquire 3PAR was not accepted by 3PAR's board of directors.


Previous
Next
Samsung Unveils LTE-HSPA+ Dual Mode Netbook        All News        Toshiba Showcases Folio 100 Tablet, 3D BD Players New 3D and LED TVs at IFA 2010
Google Chrome 6 Stable Released     General Computing News      GLOBALFOUNDRIES Lays Out Path for Sustained Technology Leadership at 28nm and Beyond

Get RSS feed Easy Print E-Mail this Message

Related News
HP To Release New Operating System in 2015
HP Unveils Ultra-thin Business-Class Notebooks
HP Reports Fiscal 2014 Full-Year and Fourth Quarter Results
HP Releases The OMEN Gaming Notebook
HP Smartwatch Looks Classic, Coming Next Week
HP Broadens Moonshot Portfolio With Intel-powered Models
HP To Separate Into Two Public Companies
HP To Split Into Two Companies: WSJ
New Budget Stream Notebooks and Tablets Released By HP
HP Launches ARM-based Moonshot Servers
EMC In Merger Talks With Other Companies: reports
HP Unveils New Detachable PCs And Colorful Chromebooks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .