Dell and Hewlett Packard (HP) were locked in a fierce bidding
war for the virtualised data storage systems vendor 3PAR as
Leasing Life went to press.
Both Dell and HP have financing
arms which would potentially benefit from a move into the growing
data storage sector. A spokesman for HP Financial Services said:
“The 3PAR negotiations speak for themselves. The net is that as
HP’s capabilities and business grow, so do our leasing/financing
opportunities.”
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A series of bids and counter bids
had pushed the price offered by HP to $2bn by 27 August, up from
Dell’s initial $1.15bn bid.
3PAR, based in California, is a
specialist in cloud computing, providing shared resources,
software, and information to computers and mobile devices. Its
clients include Verizon Business, part of US telecoms giant
Verizon, Credit Suisse, Intesa Sanpaolo and Carphone Warehouse. It
services sectors including financial services, government and
education, and health.
3PAR revenue for the year to 31
March 2009 was $184.7m, up 57% compared to $118m in 2008.
Cloud computing helps companies to
be more efficient at data storage and management, and potentially
reduces investment in systems by enabling them to share software,
accessing it as required.
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By GlobalDataDell Financial Services declined to
comment.
