HP today confirmed the deal to acquire 3PAR has been finalised.
The company paid out a massive $2.35 billion (1.48 billion) for the virtualised storage business following a hotly fought contest with rival Dell throughout August.
Dell made the initial bid for 3PAR for $1.15 billion and got the nod from shareholders. However, HP trumped the offer a matter of days later, raising it to $1.6 billion.
The two companies went back and forth, pushing the price up unexpectedly high for a firm which had barely made a profit since it began in 1999, but Dell eventually walked away with a termination fee of $72 million and HP won the war.
A statement from HP released today said: "3PAR technologies expand HP's storage portfolio into enterprise-class public and private cloud computing environments, which are key growth markets for HP."
"With a worldwide sales and channel network, coupled with extensive service operations, HP is uniquely positioned to rapidly expand 3PAR's market opportunity."
No details of combined products were given at the time of publication.
-
Cyber espionage group laid low in National Guard network for nearly a yearNews The announcement marks the second major Salt Typhoon incident in the space of two years
-
Industry welcomes the NCSC’s new Vulnerability Research Initiative – but does it go far enough?News The cybersecurity agency will work with external researchers to uncover potential security holes in hardware and software
