Dell Splurges $1.52B on EqualLogic

By Greg McNevin

November 7, 2007: In what will prove a significant boost to its virtualisation offerings, Dell has announced that it will be acquiring SAN specialist EqualLogic for a hefty US$1.4 (AU$1.52).

EqualLogic provides high-performance iSCSI storage area network (SAN) solutions that are optimised for virtualisation, one of the most important technologies for the future of data centre management next to iSCSI SAN tech, which is itself the fastest growing part of the storage business.

“Our customers will be dealing with the largest increase in data we have seen in our history over the next few years,” said Michael Dell, Chairman and CEO, Dell. “Leading the iSCSI revolution will help Dell accelerate IT simplification and virtualisation and will drive the Dell value proposition into more areas of the enterprise storage business.”

The deal will see Dell purchase EqualLogic for cash and is expected to close late in the fourth quarter of Dell's fiscal year 2008, or early in the first quarter of fiscal 2009.

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