Dell has announced its intent to pick up Compellent, a provider of virtualized storage solutions with automated data management features, for $27.75 per share in cash for each share of Compellent (that’s a total equity value of approximately $960 million).
The aggregate purchase price is about $820 million, net of Compellent’s cash.
With the acquisition, Dell aims to broaden its portfolio of enterprise-class storage solutions:
The acquisition of Compellent will deliver on Dell’s commitment to provide its customers solutions that are open, capable and affordable. Dell delivers an open and integrated approach to data management that drives efficiency and dramatically reduces costs by streamlining operations.
The transaction, which has been approved by both companies’ boards but is still subject to approval by Compellent’s shareholders and customary closing conditions, is expected to close in early 2011.
Dell recently lost a bidding war for storage company 3PAR, against HP.
Leave a Reply