During the bidding war, 3PAR’s stock shot up from $9.65 on Aug. 16 to more than $32 per share in early September. – Hewlett-Packard reported Sept. 27 that it has closed the $2.35
billion acquisition deal announced Sept. 2 on Labor Day weekend for
utility storage vendor 3PAR.
HP and Dell had competed in a furious 10-day bidding war that started Sept. 23,
when HP tendered an unsolicited bid of $1.6 billion …
News Analysis: CEO David Scott and venture capital firms Menlo Ventures, Worldview Technology Partners and Mayfield Fund will come away with many dollars when the deal is done. – In the aftermath of the out-of-control bidding war that recently
concluded with Hewlett-Packard outspending Dell at $2.35 billion for
storage maker 3PAR, the winners undoubtedly are enjoying one of the
sweetest Labor Day weekends of their lives.
Those victors include CEO David Scott and ve…
UPDATED: Hewlett-Packard wins out with an unsolicited, all-cash bid of $33 per share over Dell, ending the 10-day-long bidding war. – Minutes after being rebuffed by yet another higher offer for 3PAR from Hewlett-Packard, Dell decided on Sept. 2 to drop out of the high-stakes bidding process for the utility storage provider.
Thus, with its final $33-per-share, all-cash bid, the Palo Alto,
Calif.-based IT superpower will gain t…
Hewlett-Packard takes only minutes to snap back with a higher offer after Dell takes three full days to tender its offer. Bidding now up to about $2.07 billion. – The 10-day-old bidding war between two stubborn IT superpowers over a relatively small storage company went up another level Sept. 2 when Dell increased its standing offer for 3PAR from $27 to $32 per share, with Hewlett-Packard subsequently upping its own to $33 from $30 a few minutes later.
Del…
Dell has a couple of days to make the next move in the rapidly escalating bidding war for the small scale-out storage maker. –
Dell
– was busy considering its options Aug. 30 in its prolonged bidding war with Hewlett-Packard over utility storage maker 3PAR.
HP on Aug. 27 increased its offer to just under $2 billion, and 3PAR’s board later that evening accepted it.
Thus, Dell, which apparently has more t…
News Analysis: As Dell and HP keep stacking the cash higher in the bidding war for 3PAR, the question arises: What makes this small enterprise storage company worth it? – As the bidding for storage company 3PAR ratchets higher,
so does one question why are Dell
and HP willing to spend this much money for one fairly small
company?
My first thought was that maybe the two companies just
hate each other. I was having visions of a face-off under the hot Texas
su…
UPDATED: The $30-per-share offer all but ends the four-day bidding war with Dell for the utility storage provider. 3PAR and HP shareholders still need to approve the acquisition. – 3PAR’s board of directors late Aug. 27 accepted the unsolicited proposal by Hewlett-Packard earlier in the day to acquire their company for $2 billion.
The $30-per-share offer all but ended the four-day bidding war for the utility storage provider. 3PAR and HP shareholders still need to approve t…
3PAR is "uniquely qualified" in providing the kind of storage technology right now that Dell requires, Dell executive Praveen Asthana tells eWEEK. – Dell’s top cloud and storage executive, Praveen Asthana, confirmed to eWEEK Aug. 27 why Dell is pursuing 3PAR so desperately: Not only does its IP fit an important a high-end storage need, but he admitted that there aren’t any other available companies at the moment that fill that requirement.
As…
3PAR received an offer from Dell matching HP’s $1.8 billion bid and accepts it, apparently ending the high-stakes bidding war. But HP isn’t done. – To say that modestly profitable utility storage maker 3PAR is a
company in the right place at the right time would be a massive
understatement.
The Dell versus Hewlett-Packard bidding war for the smallish Fremont, Calif.-based
enterprise storage company took two huge steps only minutes apart…
Hewlett-Packard’s move to up the ante in its attempt to acquire 3PAR comes only about 5 hours after Dell bid $1.6 billion, topping HP’s previous bid of $1.5 billion. – Hewlett-Packard Aug. 26 wasted little time in firing a serious monetary
salvo across Dell’s bow, increasing its bid by nearly $300 million to $1.8
billion $200 million more than Dell’s last offer in the bidding war for utility
storage maker 3PAR.
The move came only about 5 hours after Dell
ha…
3PAR and Dell signed an amendment to their previously announced agreement of Aug. 16 reflecting the new offer price of $1.6 billion; there was no immediate response from HP. – Three days after rival Hewlett-Packard
tendered a $24-per-share, $1.5 billion offer to acquire enterprise storage
maker 3PAR, Dell on Aug. 26 raised the stakes by about $100 million, upping its
offer to $1.6 billion, or $24.30 a share.
3PAR said its board of directors approved the proposal. 3P…
EVP Dave Donatelli contends that 3PAR "is a company that has good technology but does not have the ability to bring it to market," and that HP can bring its products to large customers globally. – Hewlett-Packard wants to buy scale-out enterprise storage maker 3PAR to provide more options for large enterprise and midrange customers, and the new products won’t overlap with the company’s current offerings, executive vice president Dave Donatelli told a conference call audience Aug. 23.
Hewle…
With its $24-per-share bid, HP ups the ante by 33 percent in an effort to acquire solid-performing storage company with scale-out architecture and a popular thin-provisioning feature. – 3PAR, a solid, consistently well-performing independent storage
company for the better part of the last decade, suddenly has a couple
of first-tier suitors interested in an acquisition.
Hewlett-Packard, despite already being loaded with one of the largest
storage product catalogs in the worl…
Dell’s acquisition of virtualized storage specialist 3PAR puts it in a better position to compete with HP and IBM, says a Technology Business Research analyst. – Technology giant Dell expanded its storage portfolio Monday with the $1.15
billion acquisition of 3PAR, a provider of virtualized storage solutions with
data management features, including dynamic tiering and thin provisioning, for
multitenant cloud-computing environments. Dell said it plans to m…
Dell’s $1.15 billion acquisition of IT storage provider 3PAR, which develops highly virtualized storage solutions, allows it to expand its broader enterprise portfolio. A recent survey suggests Dell’s focus on cost-efficient products has attracted cash-strapped IT administrators. – Dell has agreed to acquire IT storage provider 3PAR for
approximately $1.15 billion, a move that will likely help Dell propel its
enterprise strategy. 3PAR develops virtualized storage solutions with an
emphasis on features such as thin provisioning.
Dell will incorporate 3PAR into a storage po…
Designed to offer greater simplicity and visibility, 3PAR’s InForm Management Console gives customers autonomic configuration of disaster recovery and the ability to administer all connected InServ arrays from one management window. – Utility storage provider 3PAR announced the availability of the
newest 3PAR InForm Management Console, which aims to simplify remote
replication configuration and administration, and which provides
enhanced usability in administering all models of the companys InServ
Storage Server. Designed to …
At its optimum, autonomic tiering actually prevents problems from happening in the first place through a combination of business and operational intelligence, gained by a constant collection of data.
– 3PARr, which has established much of its identity around the idea of thin
provisioning for data center storage, has brought to reality another concept:
autonomic storage tiering. The company introduced its newest software
feature, Adaptive Optimization, which does this tiering, on March 8.
I…
The company announces four new storage software products: Thin Conversion, Thin Persistence, Thin Copy Reclamation and Thin Reclamation for Veritas Storage Foundation. All use the company’s InServ Storage Server, its own ASICs and a new virtualization mapping engine for space reclamation.
– Utility storage provider 3PAR, one of the few companies not talking much about the glories of deduplication, introduced a new generation of its thin-provisioning storage software Oct. 12 that it says can reduce the upfront cost of a storage technology refresh of legacy systems by as much as 60 perce…
