HP’s Bid Valued at Approximately $2 Billion FREMONT, CA–(Marketwire – August 27, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced its board of directors has determined that the unsolicited proposal by Hewlett-Packard Company to acquire all of 3PAR’s outstanding common stock at $30 per share constitutes a “superior proposal” (as that term is defined in 3PAR’s previously announced merger agreement with Dell). The 3PAR board of directors notified Dell of its intention to terminate the merger agreement with Dell, immediately following the expiration of the three business day period contemplated by, and the satisfaction
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Revised Transaction Valued at Approximately $1.8 Billion FREMONT, CA–(Marketwire – August 27, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, today announced it has accepted a matching offer to be acquired by Dell for a price of $27 per share, or approximately $1.8 billion, net of 3PAR’s cash. Accordingly, 3PAR and Dell have signed a second amendment to their previously announced merger agreement reflecting the new offer price, and maintaining the termination fee unchanged at $72 million, which is payable in the event that 3PAR receives and accepts another unsolicited acquisition proposal that its board determines
By Associated Press SEATTLE — Hewlett-Packard Co. has again raised its bid for 3Par Inc. above an offer from rival Dell Inc., suggesting that the little-known data-storage maker could be worth more with one of the PC companies’ marketing muscle behind it. The latest offer from HP for $27 per share in cash, or about $1.69 billion, is nearly three times what 3Par had been trading at before Dell made the first bid last week. Earlier on Thursday, Dell said 3Par had accepted its second offer of $24.30 per share in cash, or $1.52 billion. Dell made its first offer,
(Reuters) – Hewlett-Packard Co (HPQ.N) said on Thursday it would acquire Stratavia, a private company that makes software to manage databases and has applications in cloud computing. Financial terms of the deal were not disclosed. HP said in a statement that Stratavia will make HP’s Software and Solutions portfolio stronger with its software that helps support the infrastructure of “cloud computer environments.” Stratavia, based in Denver, also helps in database automation, which makes it easier for companies to maintain servers. Aaron Rakers, a Stifel Nicolaus & Co analyst, said Stratavia’s database warehousing software can be applied to cloud computing, and
Delivers High Scalability and Flexibility for Private Cloud Computing Santa Barbara, Calif. (PRWEB) August 25, 2010 Eucalyptus Systems, Inc., creators of the leading open source private cloud platform, today announced a major update of the open source Eucalyptus software. Eucalyptus 2.0 features increased scalability to support massive private and hybrid clouds as well as enhanced performance tuning and flexibility in deploying Eucalyptus without modification on existing IT infrastructure. Eucalyptus 2.0 is available immediately under the open source GPL license and can be downloaded at http://open.eucalyptus.com. “Eucalyptus software is evolving rapidly to support private and hybrid clouds in a range of
Announces Private Cloud Readiness Program, Cloud Boot Camp and Cloud Advisor team PALO ALTO, Calif., Aug. 25, 2010 HP today unveiled a Private Cloud Readiness Program consisting of self-assessment tools and a Cloud Boot Camp to be held during the VMworld conference next week at San Francisco’s Moscone Center. The company also announced a team of experts who, as pioneers in cloud computing, are driving future innovations and assisting clients with advanced cloud deployments. Get ready to assess, plan, deploy HP has designed a private cloud scorecard that enables companies to rate and rank key factors that help determine their
Model Metrics Introduces the First Mobile Cloud Platform for the Enterprise Next Generation 2GO Cloud Platform Decreases Time to Market for Enterprise-Ready Mobile Applications Leveraging Adobe, Amazon Web Services, Google and Salesforce.com Technologies; Announces Expanded Support for Adobe AIR on Android CHICAGO, IL–(Marketwire – August 24, 2010) – Model Metrics, the leader in cloud computing services for the enterprise, today introduced the first mobile cloud platform for the enterprise, enabling business users to take critical business functionality with them, wherever they go. Based on the company’s 1,300 plus custom, mobile and mutli-cloud deployments including Crescent Healthcare and Elkay Manufacturing, Model
Intel announced today that it will acquire McAfee, maker of anti-virus and other security software, for $7.68 billion in cash, or $48 per share. The per share price is 60 percent more than McAfee’s $29.93 closing price on Wednesday. McAfee shares jumped 58 percent after the deal was made public to $47.42 in pre-market trading, while Intel shares dipped 2.5 percent to $19.11, the AP reports. The boards of both companies have unanimously approved the deal, but it’s still pending McAfee shareholder and regulatory approval. Intel said the deal “reflects that security is now a fundamental component of online computing.”
