Dell Inc. will acquire Eden Prairie, Minn.-based data storage provider Compellent Technologies for $960 million in cash, the company announced early Monday. The deal represents a critical second act for Dell, which lost a fierce bidding war over a larger data storage company, 3Par, in early September to Hewlett-Packard Co. Dell currently is the fifth-largest data storage provider worldwide, by revenues, behind EMC, IBM, NetApp, and HP, according to IDC Worldwide Disk Storage Systems Quarterly Tracker.
Dell, HP, and International Business Machines have all recently been working to build out their storage system capabilities in an attempt to position themselves as “one stop shops,” according to Reuters.
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