, SAN FRANCISCO, Aug 17 – Computer maker Dell on Monday announced a 1.15 billion dollar deal to buy 3PAR, a firm specializing in efficiently storing and managing digital data.
Texas-based Dell said that 3PAR products complement its "goal to make IT simpler and more affordable."
3PAR cuts hardware and energy costs for data storage by using "virtualization" technology, which squeezes maximum performance from machines.
"3PAR has consistently provided customers with the ability to do more with less," said 3PAR chief executive David Scott.
"With Dell we combine a powerful, virtualized storage platform with an outstanding distribution network to deliver this value to an even broader set of customers."
Dell planned to keep 3PAR operations in the Northern California city of Fremont and integrate the 11-year-old firm\’s technology into Dell data storage products.
The purchase will make a tender of 18 dollars per share of 3PAR stock and the deal was expected to close by the end of the year.