Dell has confirmed that it is set to acquire storage firm Compellent in an $820m (£517m) deal which will help it expand its offerings in the virtualised storage space.
The deal, which was first trailed last week, will give Dell access to technology it will integrate into its existing storage portfolio, including PowerVault, EqualLogic and Dell/EMC products.
Compellent provides virtualised storage products with automated data management features including tiering and thin provisioning, for enterprise and cloud computing environments, the computing giant said.
Dell said the deal is part of its ongoing strategy to offer customers better ways to help them manage data growth, reduce storage costs and simplify IT infrastructure management.
It will be good news for the company after it lost out to bitter rival HP in a recent bidding war over storage vendor 3PAR.
Brad Anderson, senior vice president of Dell’s Enterprise Product Group, said Compellent is a natural fit for Dell’s storage portfolio.
“The Compellent storage platform will enable Dell to provide customers with additional mid- and high-end network storage solutions that simplify and reduce the cost of data management," he added.
"Compellent's design focus on intelligently managing data to increase efficiency, agility and resiliency is consistent with Dell's approach of building solutions that can quickly scale to meet the most demanding enterprise environment."
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