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(The Hosting News) – HP and 3PAR Inc. today announced that they have entered into a definitive agreement under which HP will purchase 3PAR through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion. The transaction has been approved by the boards of directors of both companies.
Combining 3PAR’s leading-edge utility storage products with HP’s existing storage solutions will strengthen HP’s unparalleled storage, server and networking portfolio. 3PAR will accelerate HP’s highly successful Converged Infrastructure strategy by driving growth in the fast-growing virtual data center and cloud computing markets. HP’s global presence, commitment to innovation and proven track record of integrating acquisitions will provide growth opportunities for 3PAR going forward.
“HP and 3PAR is a winning combination that will accelerate HP’s Converged Infrastructure strategy and bolster our ability to provide customers with the industry’s highest levels of performance, efficiency and reliability,” said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. “We intend to invest in 3PAR’s technology to create long-term value for our stakeholders.”
“As part of HP, 3PAR’s agile, efficient storage solutions will truly thrive, particularly given HP’s ability to accelerate investment in our products and reach new customers around the world,” said David Scott, president and chief executive officer, 3PAR. “3PAR has built a reputation for delivering enterprises and cloud computing service providers the ability to do more with less. HP’s global reach, strong routes to market and our shared culture of innovation will allow even more organizations to experience the transformative value of 3PAR’s technology.”
3PAR also announced that it has terminated its merger agreement with Dell Inc. and paid Dell the $72 million termination fee required to be paid to Dell as a condition to terminating the merger agreement.
HP’s cash tender offer commenced on August 27, 2010 and it is scheduled to expire at 12:00 midnight, New York City time on September 24, 2010, subject to customary tender offer conditions being satisfied. The final closing of the acquisition is expected to occur by the end of the calendar year. HP also announced today the satisfaction of the conditions to its tender offer related to (1) the termination of 3PAR’s merger agreement with Dell and the execution of a definitive merger agreement with HP, and (2) the inapplicability of Section 203 of the Delaware General Corporation Law to HP’s tender offer and proposed merger with 3PAR.
Source: HP Acquires 3PAR
(The Hosting News) – HP and 3PAR Inc. today announced that they have entered into a definitive agreement under which HP will purchase 3PAR through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion. The transaction has been approved by the boards of directors of both companies.
Combining 3PAR’s leading-edge utility storage products with HP’s existing storage solutions will strengthen HP’s unparalleled storage, server and networking portfolio. 3PAR will accelerate HP’s highly successful Converged Infrastructure strategy by driving growth in the fast-growing virtual data center and cloud computing markets. HP’s global presence, commitment to innovation and proven track record of integrating acquisitions will provide growth opportunities for 3PAR going forward.
“HP and 3PAR is a winning combination that will accelerate HP’s Converged Infrastructure strategy and bolster our ability to provide customers with the industry’s highest levels of performance, efficiency and reliability,” said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. “We intend to invest in 3PAR’s technology to create long-term value for our stakeholders.”
“As part of HP, 3PAR’s agile, efficient storage solutions will truly thrive, particularly given HP’s ability to accelerate investment in our products and reach new customers around the world,” said David Scott, president and chief executive officer, 3PAR. “3PAR has built a reputation for delivering enterprises and cloud computing service providers the ability to do more with less. HP’s global reach, strong routes to market and our shared culture of innovation will allow even more organizations to experience the transformative value of 3PAR’s technology.”
3PAR also announced that it has terminated its merger agreement with Dell Inc. and paid Dell the $72 million termination fee required to be paid to Dell as a condition to terminating the merger agreement.
HP’s cash tender offer commenced on August 27, 2010 and it is scheduled to expire at 12:00 midnight, New York City time on September 24, 2010, subject to customary tender offer conditions being satisfied. The final closing of the acquisition is expected to occur by the end of the calendar year. HP also announced today the satisfaction of the conditions to its tender offer related to (1) the termination of 3PAR’s merger agreement with Dell and the execution of a definitive merger agreement with HP, and (2) the inapplicability of Section 203 of the Delaware General Corporation Law to HP’s tender offer and proposed merger with 3PAR.
Dallas, Texas – (The Hosting News) – September 8, 2009 – On-demand data center services provider, SoftLayer Technologies, has received the 2009 One-Year Fast Tech Award at the 9th Annual Tech Titans Awards and Fast Tech, presented by the Metroplex Technology Business Council (MTBC).
The award recognizes the company with the highest percentage of revenue growth in 2008 over 2007 in the Dallas-Fort Worth (DFW) area. Both private and public companies from any technology industry segment are eligible for the award, as long as they own proprietary technology. SoftLayer received the same award in 2008 for its growth in 2007 over 2006.
George Karidis, Chief Strategy Officer noted, ”We are very proud to win this prestigious award two years in a row. It is an honor being recognized among DFW’s technology leaders – there are many innovative companies doing great things here. Our continuing growth can be directly attributed to our unique approach to hosting and data center services. We’re bringing new ideas and practical advantages to our customers and the market.”
MTBC is the largest technology trade organization in Texas. Its annual Tech Titans Awards and Fast Tech rankings showcase the industry’s most talented individuals and the companies with the most advanced technologies in North Texas. The region is a leading center for technology and innovation in the U.S. and globally. The American Electronics Association Cybercities 2008 report ranked DFW fifth among U.S. cities in high-tech employment, with approximately 176,000 high-tech workers. DFW ranked second nationwide for employment in both the telecommunications services and Internet services sectors.
Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
More information about the event and award is available at: www.metroplextbc.org/techtitans.
For more information about SoftLayer Technologies, please visit: www.softlayer.com.
Dallas, Texas – (The Hosting News) – September 8, 2009 – On-demand data center services provider, SoftLayer Technologies, has received the 2009 One-Year Fast Tech Award at the 9th Annual Tech Titans Awards and Fast Tech, presented by the Metroplex Technology Business Council (MTBC).
The award recognizes the company with the highest percentage of revenue growth in 2008 over 2007 in the Dallas-Fort Worth (DFW) area. Both private and public companies from any technology industry segment are eligible for the award, as long as they own proprietary technology. SoftLayer received the same award in 2008 for its growth in 2007 over 2006.
George Karidis, Chief Strategy Officer noted, ”We are very proud to win this prestigious award two years in a row. It is an honor being recognized among DFW’s technology leaders – there are many innovative companies doing great things here. Our continuing growth can be directly attributed to our unique approach to hosting and data center services. We’re bringing new ideas and practical advantages to our customers and the market.”
MTBC is the largest technology trade organization in Texas. Its annual Tech Titans Awards and Fast Tech rankings showcase the industry’s most talented individuals and the companies with the most advanced technologies in North Texas. The region is a leading center for technology and innovation in the U.S. and globally. The American Electronics Association Cybercities 2008 report ranked DFW fifth among U.S. cities in high-tech employment, with approximately 176,000 high-tech workers. DFW ranked second nationwide for employment in both the telecommunications services and Internet services sectors.
Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
More information about the event and award is available at: www.metroplextbc.org/techtitans.
For more information about SoftLayer Technologies, please visit: www.softlayer.com.
Dallas, Texas – (The Hosting News) – August 26, 2009 – Web hosting virtual data center services provider, SoftLayer, has begun offering EVault Bare Metal Restores (BMR), as an advanced disaster recovery capability.
Designed to enable customers to completely restore servers to a bare metal state after an operating system or hardware failure, servers are restored to the latest system image safely stored in a secure SoftLayer repository.
Andrew Maten, Director of IT Systems at SoftLayer remarked, ”Everything we offer is about giving our customers more flexibility, confidence, and control. EVault BMR is a powerful, no-nonsense tool for getting systems back up quickly without losing data or functionality.”
EVault BMR is available for Microsoft Windows systems with SoftLayer’s standard EVault offering. For only $20/month it provides a wide range of benefits, including the capability to:
- Restore systems to a select point-in-time
- Restore systems from image or file-based backups
- Restore systems from EVault backups
- Launch recovery transactions to restore data without a bootable system
The solution provides a more efficient and more reliable alternative to manual restores, and can be used in conjunction with regular backups as well as for data migration. System administrators can choose to execute full system restores or to restore individual files. As with all SoftLayer services, EVault BMR can be ordered and setup through the SoftLayer Customer Portal.
Headquartered in Plano, Texas, SoftLayer delivers on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
For more information, please visit: www.softlayer.com.
Dallas, Texas – (The Hosting News) – August 26, 2009 – Web hosting virtual data center services provider, SoftLayer, has begun offering EVault Bare Metal Restores (BMR), as an advanced disaster recovery capability.
Designed to enable customers to completely restore servers to a bare metal state after an operating system or hardware failure, servers are restored to the latest system image safely stored in a secure SoftLayer repository.
Andrew Maten, Director of IT Systems at SoftLayer remarked, ”Everything we offer is about giving our customers more flexibility, confidence, and control. EVault BMR is a powerful, no-nonsense tool for getting systems back up quickly without losing data or functionality.”
EVault BMR is available for Microsoft Windows systems with SoftLayer’s standard EVault offering. For only $20/month it provides a wide range of benefits, including the capability to:
- Restore systems to a select point-in-time
- Restore systems from image or file-based backups
- Restore systems from EVault backups
- Launch recovery transactions to restore data without a bootable system
The solution provides a more efficient and more reliable alternative to manual restores, and can be used in conjunction with regular backups as well as for data migration. System administrators can choose to execute full system restores or to restore individual files. As with all SoftLayer services, EVault BMR can be ordered and setup through the SoftLayer Customer Portal.
Headquartered in Plano, Texas, SoftLayer delivers on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
For more information, please visit: www.softlayer.com.
Dallas, Texas – (The Hosting News) – August 26, 2009 – Web hosting virtual data center services provider, SoftLayer, has begun offering EVault Bare Metal Restores (BMR), as an advanced disaster recovery capability.
Designed to enable customers to completely restore servers to a bare metal state after an operating system or hardware failure, servers are restored to the latest system image safely stored in a secure SoftLayer repository.
Andrew Maten, Director of IT Systems at SoftLayer remarked, ”Everything we offer is about giving our customers more flexibility, confidence, and control. EVault BMR is a powerful, no-nonsense tool for getting systems back up quickly without losing data or functionality.”
EVault BMR is available for Microsoft Windows systems with SoftLayer’s standard EVault offering. For only $20/month it provides a wide range of benefits, including the capability to:
- Restore systems to a select point-in-time
- Restore systems from image or file-based backups
- Restore systems from EVault backups
- Launch recovery transactions to restore data without a bootable system
The solution provides a more efficient and more reliable alternative to manual restores, and can be used in conjunction with regular backups as well as for data migration. System administrators can choose to execute full system restores or to restore individual files. As with all SoftLayer services, EVault BMR can be ordered and setup through the SoftLayer Customer Portal.
Headquartered in Plano, Texas, SoftLayer delivers on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
For more information, please visit: www.softlayer.com.
Plano, Texas – (The Hosting News) – July 15, 2009 – Dedicated server solution provider, SoftLayer, recently supported the live Internet broadcast of the Michael Jackson Memorial Service, as an on-demand data center services provider, selected by multi-platform IP services and content delivery provider, Highwinds.
As a trusted partner to support high-quality live streaming of the global event, it is believed that the memorial service’s viewership was second only to the inauguration of President Barack Obama, also streamed by SoftLayer and Highwinds.
Ric Moseley, Vice President of Engineering at SoftLayer noted, ”It would be enough of an accomplishment just to handle an event of this scale. But being able to handle it without any interruption to regular operations really proves the robustness of our architecture and network. We are proud to have been a part of such a historic occasion, and that customers like Highwinds keep coming back to us for our expertise.”
SoftLayer provisioned more than 400 servers for the one-day netcast, demonstrating the service providers’ massive and dynamic scalability. SoftLayer streamed more than 45Gb of event coverage for the day, leading to a one-day high of 100Gb total traffic between its three data centers, with no reported outages or performance issues.
More and more people are turning to the Internet instead of television as their video source for important live events. After media and social networking sites experienced outages and overloading on the day of Jackson’s passing, it was expected his memorial service would generate record levels of attention.
George Antoniou, Vice President of Operations at Highwinds explained, ”We knew from our mutual success streaming the Obama Inauguration that SoftLayer was the ideal partner for this event.”
Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
For more information, please visit: www.softlayer.com.
Plano, Texas – (The Hosting News) – July 15, 2009 – Dedicated server solution provider, SoftLayer, recently supported the live Internet broadcast of the Michael Jackson Memorial Service, as an on-demand data center services provider, selected by multi-platform IP services and content delivery provider, Highwinds.
As a trusted partner to support high-quality live streaming of the global event, it is believed that the memorial service’s viewership was second only to the inauguration of President Barack Obama, also streamed by SoftLayer and Highwinds.
Ric Moseley, Vice President of Engineering at SoftLayer noted, ”It would be enough of an accomplishment just to handle an event of this scale. But being able to handle it without any interruption to regular operations really proves the robustness of our architecture and network. We are proud to have been a part of such a historic occasion, and that customers like Highwinds keep coming back to us for our expertise.”
SoftLayer provisioned more than 400 servers for the one-day netcast, demonstrating the service providers’ massive and dynamic scalability. SoftLayer streamed more than 45Gb of event coverage for the day, leading to a one-day high of 100Gb total traffic between its three data centers, with no reported outages or performance issues.
More and more people are turning to the Internet instead of television as their video source for important live events. After media and social networking sites experienced outages and overloading on the day of Jackson’s passing, it was expected his memorial service would generate record levels of attention.
George Antoniou, Vice President of Operations at Highwinds explained, ”We knew from our mutual success streaming the Obama Inauguration that SoftLayer was the ideal partner for this event.”
Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
For more information, please visit: www.softlayer.com.
Plano, Texas – (The Hosting News) – July 15, 2009 – Dedicated server solution provider, SoftLayer, recently supported the live Internet broadcast of the Michael Jackson Memorial Service, as an on-demand data center services provider, selected by multi-platform IP services and content delivery provider, Highwinds.
As a trusted partner to support high-quality live streaming of the global event, it is believed that the memorial service’s viewership was second only to the inauguration of President Barack Obama, also streamed by SoftLayer and Highwinds.
Ric Moseley, Vice President of Engineering at SoftLayer noted, ”It would be enough of an accomplishment just to handle an event of this scale. But being able to handle it without any interruption to regular operations really proves the robustness of our architecture and network. We are proud to have been a part of such a historic occasion, and that customers like Highwinds keep coming back to us for our expertise.”
SoftLayer provisioned more than 400 servers for the one-day netcast, demonstrating the service providers’ massive and dynamic scalability. SoftLayer streamed more than 45Gb of event coverage for the day, leading to a one-day high of 100Gb total traffic between its three data centers, with no reported outages or performance issues.
More and more people are turning to the Internet instead of television as their video source for important live events. After media and social networking sites experienced outages and overloading on the day of Jackson’s passing, it was expected his memorial service would generate record levels of attention.
George Antoniou, Vice President of Operations at Highwinds explained, ”We knew from our mutual success streaming the Obama Inauguration that SoftLayer was the ideal partner for this event.”
Headquartered in Plano, Texas, SoftLayer delivers world-class, on-demand virtual data center services on a global basis from facilities located in Dallas, TX; Seattle, WA; and Washington, DC. SoftLayer integrates all facets of IT to innovate industry-leading solutions that are fully automated. This empowers customers with complete control, security, scalability, and ease-of-management for their IT environment.
For more information, please visit: www.softlayer.com.
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