HP completes $US2.35 billion 3Par merger

Acquisition illustrates that tech vendors are expecting efficient storage technologies to grow considerably as the move towards virtualization deepens

HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday.

Dell seemed to have a deal in place to buy 3Par for $1.15 billion in mid-August, but HP quickly outbid Dell, eventually doubling the initial price.

The HP/Dell bidding war was a near replica of last year's struggle between EMC and NetApp to acquire Data Domain, ultimately won by EMC with a bid of more than $2 billion. In both cases, the bigger vendor was able to outfox its smaller competitor.

Both acquisitions illustrate that tech vendors expect the market for more efficient storage technologies to grow considerably as the IT world moves heavily into virtualization.

"3PAR brings market-differentiating technology to HP that will enable clients to maximize storage utilization, balance workloads and automate storage tiering," HP said. "This allows clients to improve productivity and more efficiently operate their storage networks."

HP was able to pull off the 3Par acquisition while dealing with chaos surrounding the resignation of CEO Mark Hurd.The 3Par buy is just a fraction of the size of HP's $13.9 billion deal for EDS two years ago, but the two acquisitions are complementary. Analysts expect "HP's Enterprise Services unit, formerly EDS, to aggressively sell 3Par products," as Computerworld's Lucase Mearian reports.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags HPbusiness issuesDellstorageemcData CenterPChardware systemscorporate issuesnetappnetwork storagedata domainacquisitionsmergers3PARMergers / acquisitionsConfiguration / maintenanceStorage Management

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jon Brodkin

Network World
Show Comments

Father’s Day Gift Guide

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?