HP Gets 3PAR

By CIOinsight  |  Posted 09-02-2010
Dell decided on Sept. 2 to drop out of a high-stakes bidding process for the utility storage provider 3PAR. Thus, with a final $33-per-share, all-cash bid, the Palo Alto, Calif.-based IT superpower HP will gain the envied intellectual property of a small but mature storage company that specializes in handling data in massive amounts for large-scale IT systems.

3PAR is considered a prime asset because its clustered, utility-type architecture is tailor-made for cloud systems that deliver software as a service, and cloud storage systems are in high demand at this time.

The vendor has been shipping its own brand of autonomic storage tiering, called Adaptive Optimization. The process actually prevents common storage bottlenecks from happening in the first place through a combination of business and operational intelligence, gained by a constant collection of data. 3PAR's version anticipates data blockages and solves them before they happen.

Finalization of the HP transaction is dependent upon the shareholders of each company, who will vote on the deal within the next few weeks. On Sept. 1, Dell had increased its offer for 3PAR from $27 to $32 per share, with Hewlett-Packard subsequently upping its own to $33 from $30 a few minutes later before Dell finally backed down. For its trouble, Dell is entitled to receive a $72 million break-up fee from 3PAR upon the termination of a merger agreement signed on Aug. 16.

For more, read the eWeek article Dell Surrenders: HP Gets 3Bar for More Than $2B.