Reading Article

Dell to buy Equallogic for $ 1.4 billion

by laxman
November 7th, 2007

dellDell said on Monday that it would acquire equal logic for $1.4 billion in a move to claim larger share of the data storage market.

The deal, Dell largest acquisition to date and its fourth this year comes as the company is trying to stage a corporate turnaround and reclaim ground lost to more nimble competitors. Michael S Dell simplify corporate storage for compoanies as they grappled with more data than ever before.

Storage is the fatest part of Dell business Dell said in an interview. there an explosion in the amount of data being consumed. Dell said data storage today accounted for about $24 billion of Dell revenue of about $57 billion, but that figure he said is growing rapidly. The Nashua based provately held Equal Logic is the leading provider of the internet based storage technology known as iscsi

There Are No Comments To This Article

Leave A Comment

You must be logged in to post a comment.

Related Articles

Missing Plugin: Simple Tags