Aug 31, 2010

Posted by in Tech News | 0 Comments

IBM acquires Storwize; HP & Dell bid for 3PAR

IBM already completed the acquisition of Storewize, on-line storage optimization through real-time data compression. Hence, it will be known as Storewize, an IBM Company.

Image by Storewize

Oh the other hand, HP and Dell are still competing for 3PAR.  3PAR’s technology enables large companies to shift to “cloud” storage platforms, giving them extra speed in accessing data and cutting storage costs by nearly 59 percent, according to the company.

From Dell’s bid of USD18 per share announced on August 16, HP made a counter bid of USD24 per share but it was matched by Dell again. HP’s latest bid is USD30 per share.

Data storage firm 3PAR has said a newly-raised acquisition offer by computer-maker Hewlett-Packard was “superior” to that made by Dell, amid a bidding war between the PC giants.

3PAR’s board has determined that the unsolicited proposal by HP constitutes a ‘superior proposal, the firm said.

“The 3PAR board of directors notified Dell of its intention to terminate the merger agreement with Dell,” after a period of three business days, the firm added.



Leave a Reply