Dell buys cloud storage firm for $960m

Dylan Bushell-Embling
telecomasia.net
Dell is to buy cloud storage company Compellent Technologies for $960 million, in the latest of the ICT industry's recent wave of major storage deals.
 
Compellent provides virtual storage and data management solutions for enterprise and cloud computing environments.
 
Dell said the acquisition, which net of Compellent's cash is worth $820 million, should close in 2011.
 
It plans to integrate Compellent into its storage portfolio, and hold on to the company's existing operations in the US.
 
Dell lost out to HP in a bidding war for storage company 3Par earlier this year, with HP paying $2.35 billion.
 
IBM in September also acquired data management and analytics company Netezza for $1.7 billion, and EMC last month picked up networked storage firm Isilon Systems for $2.25 billion.

MORE ARTICLES ON: CloudDellMerger and acquisition

Commentary

5G and data center-friendly network architectures

Matt Walker / MTN Consulting

Webscale and transmission network operators' interests are aligning as the 5G era dawns

Matt Walker / MTN Consulting

Webscale and transmission network operators' interests are aligning as the 5G era dawns

Rémy Pascal / Analysys Mason

The launch of 5G by South Korean operators serves as a first benchmark for other operators around the world