HP completes $2.35 billion 3Par merger

HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday.

HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday.

Dell seemed to have a deal in place to buy 3Par for $1.15 billion in mid-August, but HP quickly outbid Dell, eventually doubling the initial price.

Tech M&A deals of 2010

The HP/Dell bidding war was a near replica of last year's struggle between EMC and NetApp to acquire Data Domain, ultimately won by EMC with a bid of more than $2 billion. In both cases, the bigger vendor was able to outfox its smaller competitor.

Both acquisitions illustrate that tech vendors expect the market for more efficient storage technologies to grow considerably as the IT world moves heavily into virtualization.

"3PAR brings market-differentiating technology to HP that will enable clients to maximize storage utilization, balance workloads and automate storage tiering," HP said. "This allows clients to improve productivity and more efficiently operate their storage networks."

HP was able to pull off the 3Par acquisition while dealing with chaos surrounding the resignation of CEO Mark Hurd.

The 3Par buy is just a fraction of the size of HP's $13.9 billion deal for EDS two years ago, but the two acquisitions are complementary. Analysts expect "HP's Enterprise Services unit, formerly EDS, to aggressively sell 3Par products," as Computerworld's Lucase Mearian reports.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags businessHPmerger3PAR

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jon Brodkin

Network World
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?