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Dell to buy 3Par for $1.15 billion

Dell to buy 3Par for $1.15 billion

Dell is set to acquire storage specialist 3Par for about $1.15 billion to beef up its enterprise cloud offerings, the tech giant announced Monday.

3Par, founded in 1999, offers highly virtualized storage arrays designed to help businesses treat storage as a utility, meaning they use–and pay for–capacity only as they need it, Dell said. 3Par’s offerings include data management features such as dynamic tiering and thin provisioning for multitenant cloud-computing environments.

With the addition of 3Par’s capabilities, Dell said it aims to help customers reduce overall data management costs by 50 percent.

Read More/Source: C|Net

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