Dell bows out, HP to acquire 3PAR for $2.35 bn

In the ongoing struggle between HP and Dell to acquire utility storage company 3PAR, there have been a lot of rumors. In fact, we were led to believe that the sale was done, based on some information that we read in another article. Come to find out, however, the auction was still on and has been until today.

Finally, with a bid that pushes 3PAR’s valuation up to $2.35 billion for a $33/share price, HP has won the bidding war. Dell, it seems, has finally bowed out of the race.

There are some interesting quotes in the HP blog, concerning what the acquisition means for HP customers, moving forward. HP considers the acquisition to be the key to opening a “converged infrastructure”:

Is Converged Infrastructure really the next big thing and if so, why?

Yes, it is the next big thing. The reason why is because IT (over the last 20 years) has been put together as a set of projects or silos and once deployed remained relatively static. That’s caused most organizations to be overprovisioned (wasting computing power).

How do you see CI generating new value within the client’s business?

When you can get to a converged infrastructure, you can more quickly bring web servers and business processes up in a short time. Its direct effect on time to market generates value. If you want to start up a new business model, like moving to more web sales, the change can be made quickly. It also allows you to grow and scale as needed.

The rest of the post is a good read, as well, so do make sure to drop by and give it some time.