Computer maker Dell will be acquiring EqualLogic, a maker of storage network systems, in a $1.4 billion all cash deal.
Chief Executive Michael Dell said acquiring EqualLogic bolstered his company's lineup in the fastest-growing part of the storage industry. Dell, who returned in January as CEO, said it was the company's sixth acquisition in two years.
EqualLogic's systems use proprietary software designed to simplify how businesses store and manage data. The company says its target customers are medium-sized businesses that can't afford costlier storage area network systems.
Dell is betting big on an increase in storage requirements at medium sized businesses, especially virtualization based solutions which are estimated to see immense growth.
EqualLogic specializes in Storage Area Networks based on the iSCSI standard. (CNET News.com)
- Dell buys EqualLogic for $1.4 billion (eWeek)
- Dell buys EqualLogic (The Street)
- Dell pays $1.4 billion for storage virtualization vendor EqualLogic (Computerworld)