Monday, February 08, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Has A Gear VR Competitor In The Works: report
Sony Xperia Z5 and Xperia Z5 Compact Are Now Shipping In The U.S.
Following Outcry, Twitter's Dorsey Says Live Tweets Are Here To Stay
Samsung Files Patent For A Vein-authentication System On A Smartwatch
BlackBerry Cuts 200 Jobs To Trim Costs
Taiwan Earthquake Temporarily Suspended TSMC's And UMC's Production
Samsung Loses Memory-Chip patent Trial Against Nvidia
Twitter Suspends Accounts To Combat Extremism
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
 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 $199 Chromebook For Education
HP Delivers New Sprout Pro For Education
HP Spectre x360 Gets 4K OLED Display, EliteBook Folio Notebook Updated
Hewlett Packard Enterprise Delivers New IoT Solutions
HP Profit Lower Than Expected
HP And Titan To Develop New Smartwatch
Updated HP Elite x2 Tablet Built for Business
HP Unveils Storage and Cooling Solutions For Desktop Workstations, Quad Core Workstation Ultrabooks
HP's Chromebook Gets A Makeover With High Resolution Displays and Colors
Dell, HP, Intel, Lenovo and Microsoft Unite to Promote The PC
HP and 3M to Combat Visual Hacking With Integrated Screen Privacy Solution for PCs
HP Unveils Windows 10 Computers In New Form Factors and Designs

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .