Summary Box: Dell adds to cloud services with $1.13B buyout of storage systems provider 3Par
By APMonday, August 16, 2010
Summary Box: Dell pays $1.13B for storage co. 3Par
THE DEAL: Dell is buying data storage provider 3Par Inc. for $1.13 billion.
THE REASON: Dell has been beefing up its storage division as part of a broader effort to sell “cloud computing” services, in which companies pay Dell and others to have software delivered over the Internet on a subscription basis. Storage for data and files is a key part of the cloud equation.
THE FIELD: Dell faces stiff storage competition from NetApp Inc., EMC Corp., IBM Corp. and Hewlett-Packard Co.
Filed under: Dell, IBM, Technology
Tags: 3par, Computing And Information Technology, Internet Technology
Tags: 3par, Computing And Information Technology, Internet Technology
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