Dell buys Compellent Technologies for $27.75 per share in cash for each share of Compellent (a total equity value of approximately $960 million). Compellent is a rapidly growing provider of highly-virtualized storage solutions with automated data management features, including tiering and thin provisioning, for enterprise and cloud-computing environments.
The acquisition of Compellent will deliver on Dell's commitment to provide its customers solutions that are open, capable and affordable.
Upon closing the transaction, Dell will quickly make Compellent an integral part of its industry-leading storage portfolio, including PowerVault, EqualLogic and Dell/EMC. Compellent expands Dell's award-winning storage solutions, which now offers customers innovative systems and choice at every storage tier, from direct-attach to highly-virtualized SANs.
Dell also plans to keep Compellent's existing operations in Eden Prairie, Minn., and will invest in engineering, support, operations and sales capability to grow this business.