Cloud Computing Sector to Witness More M&A in 2011, PwC Report The rush for cloud-based technology solutions and development of virtualization and security technologies will fuel growing interest in cloud computing during 2011 and a new wave of mergers and acquisitions (M&A) is expected, a recent report by PwC revealed. Cost savings opportunities and growing confidence in cloud computing are the driving force behind a new technology trend; namely, switching to cloud-based solutions by large and small and medium enterprises alike. Companies now have more confidence in security provided by the cloud and a growing number of businesses are migrating
3par inc
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| Mon Aug 23, 2010 NEW YORK: Hewlett-Packard Co launched a $1.6 billion bid for data storage company 3PAR Inc on Monday, topping an offer by technology rival Dell Inc. HP bid $24 a share for 3PAR, about 33 percent more than Dell planned to pay in a deal announced a week ago. At the time, Dell’s bid for 3PAR, which makes storage products that use virtualization technology to allow companies to boost efficiency, marked an 87 percent premium to its share price. Representatives from 3PAR and Dell were not immediately available for comment on the HP move. HP, faced
Aug 16 (Reuters) – Dell Inc (DELL.O) said on Monday it plans to buy data storage company 3PAR Inc (PAR.N) for $18 per share in cash, or $1.15 billion, extending its storage product offering for cloud computing. The deal marks an 87 percent premium over 3PAR’s Friday closing price. It is expected to close by the end of the year, the companies said. Stay Tuned For Further Updates…
FREMONT, CA–(Marketwire – August 6, 2010) – 3PAR® (NYSE: PAR), the leading global provider of utility storage, announced today that 3PAR Chief Financial Officer Adriel Lares and 3PAR Senior Director of Business Strategy Geoff Hough are scheduled to present at the Morgan Keegan Technology Conference at the New York Palace Hotel, 455 Madison Avenue, New York at 2:25 pm EDT on Wednesday, August 11, 2010. The presentation will be made accessible from 3PAR’s investor relations Website at http://ir.3par.com by the day after the conference and for at least thirty days following. About 3PAR 3PAR® (NYSE: PAR) is the leading global
