Sunday, September 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Pushes Back Xbox One Debut In China
New Oculus 'Crescent Bay' Headset Announced
Microsoft Offers iPhone Users 30 GB of Free Storage
New Tizen Device Coming in India
Samsung Launches My Knox App For Latest Mobile Device
Android L To Support Encryption By Default
Microsoft Outlines Basic Elements Of Direct3D 12
New GeForce WHQL Driver Released
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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 Unveils New Detachable PCs And Colorful Chromebooks
HP Recalls Millions Of Power Cords
HP Reports Revenue Gain
HP SlateBook 14 Android Laptop Released
HP Says Internet of Things Devices Are Vulnerable to Attack
HP Pavilion 10z Laptop Uses An AMD Mullins Processor
HP To Settle Lawsuits Over Deal For Autonomy Acquisition
HP Works On 'Machine' New Server Hardware
HP Introduces The Apollo Supercomputer
HP Unveils New Business-focused Detachable PCs
Computex: HP Unveils PC Portfolio for Back-to-school Season
HP 7 Plus $100 Tablet Runs Android

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 .