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Dell acquires Compellent for $960 million

Dell acquires Compellent for $960 million

Dell finally got its storage acquisition. On Monday, Dell said it is officially buying Compellent in a deal valued at $960 million, or $27.75 a share.

According to Dell, the Compellent acquisition will allow the company to better focus on data management, thin provisioning and storage for cloud computing shops.

After a failed bid to acquire 3Par—Dell lost out to Hewlett-Packard—the company needed to do something to bolster its storage line-up and remain a top 5 player. EMC is the storage leader and then the field is bunched with the likes of HP, NetApp and IBM. Dell was at risk of being on the outside of the storage pack.

Read More/Source: Zdnet

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