Dell Concedes As HP Wins 3Par Bidding War

All this bidding was for a company with a market cap of $1.63 billion (£1.05 billion) and whose stock was selling at $9.65 (£6.27) on Friday, 13 August – the last day of trading before Dell made its first acquisition announcement on Monday, 16 August.

3PAR was selling at $32.83 (£21.33) on Sept. 2 and has been above $30 (£19.49) for most of the last week.

Why The Interest?

But why is 3PAR such a wanted company?

3PAR is considered a prime asset primarily for three reasons:

1. Its clustered, utility-type architecture is tailor-made for cloud systems that deliver software as a service, and cloud storage systems are in high demand at this time.
2. 3PAR began shipping its own brand of autonomic storage tiering, called Adaptive Optimisation. The process actually prevents common storage bottlenecks from happening in the first place through a combination of business and operational intelligence, gained by a constant collection of data. 3PAR’s version anticipates data blockages and solves them before they happen. 3PAR Adaptive Optimisation follows this concept to enable high-end-type storage systems to achieve an efficient distribution of data over the application life cycle, without needing intervention by an administrator, the company says.
3. The company is available for sale. Others that address the exact market as 3PAR are not available, Dell said.