Feeds

Dell buys storage firm

First acquisition sees Dell move upmarket

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Dell threw itself into the storage market fray yesterday, by splashing out $300 million-plus on ConvergeNet Technologies. Dell will exchange around 6.9 million shares for all outstanding shares and options of the Californian storage networking company. The deal -- Dell’s first acquisition -- values ConvergeNet at $340 million, based on yesterday’s closing share price. The buyout of the privately-held company is expected to be completed within 60 days. Dell will record a one-time charge against post-tax earnings of between five and seven cents per share. ConvergeNet will give Dell SAN technology, enabling Dell’s PowerVault storage products and systems to work with any Intel-or RISC-based server running UNIX, Solaris, Windows NT, Windows 2000, NetWare or Linux operating systems. Michael Lambert, senior vice president of Dell's enterprise systems group, said: "Our customers want storage technology from Dell that connects with any open-standards server. "The technology we acquire with ConvergeNet will help make that happen. "ConvergeNet's technology fits our strategy to deliver storage area network solutions that speed access to and backup of enterprise data; simplify the configuration, allocation and management of storage systems; and help ensure that data is available all the time." Upon completion of the deal, Dick Watts, president and CEO of ConvergeNet, will become VP and general manager of Dell’s storage systems division, reporting to Lambert. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.