TechOpsGuys.com Diggin' technology every day

27Sep/10Off

Bye Bye 3PAR, Hello HP!

TechOps Guy: Nate

Wow that was fast! HP completed it's purchase of 3PAR this morning.

HP today announced that it has completed the acquisition of 3PAR Inc., a leading global provider of utility storage, for a price of $33 per share in cash, or an enterprise value of $2.35 billion.

3PAR technologies expand HP’s storage portfolio into enterprise-class public and private cloud computing environments, which are key growth markets for HP. Complementary with HP’s current storage portfolio, 3PAR brings market-differentiating technology to HP that will enable clients to maximize storage utilization, balance workloads and automate storage tiering. This allows clients to improve productivity and more efficiently operate their storage networks.

With a worldwide sales and channel network, coupled with extensive service operations, HP is uniquely positioned to rapidly expand 3PAR’s market opportunity. As part of the HP Converged Infrastructure portfolio, which integrates servers, storage, networking and management technologies, 3PAR solutions will further strengthen HP’s ability to simplify data center environments for clients.

Further details on product integration will be announced at a later date.

Certainly not messing around!

Tagged as: , , Comments Off