Dell is set to buy 3PAR for $1.15 billion (£737 million), almost double the company’s closing stock exchange value on Friday.
Dell, which is expanding in the corporate datacentre business through the move, said the acquisition will expand its storage capabilities, especially in virtualisation optimisation.
The company aims to add 3PAR’s portfolio to its own PowerVault and EqualLogic systems, ranging from direct attached storage to clustered SANS. 3PAR systems offer advanced data management features, Dell said, including dynamic tiering and thin provisioning, for multi-tenant cloud-computing environments.
The company said it had no plans to move 3PAR’s current operations, including its headquarters in Fremont. It also insisted it will invest in more engineers and sales people.
Brad Anderson, Dell senior VP, said the company had “aligned our storage offerings over the last several years” to improve choice and value. Businesses could use virtualisation, Dell said, to cut data management costs by up to half and slash other operational costs including energy.
“3PAR brings the same values of performance, agility and ease-of-use to higher end, virtualised storage deployments as EqualLogic does for the entry-level and mid-range”, Anderson added.