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Dell buys EqualLogic, boosts storage biz

Posted: 07 Nov 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Dell acquire EqualLogic? SAN provider?

Dell Inc. will acquire iSCSI storage area network (SAN) solution provider EqualLogic. Under the terms of the agreement, Dell will purchase EqualLogic for approximately $1.4 billion in cash. The acquisition of EqualLogic is expected to close late Q4 of Dell's fiscal year 2008 or early Q1 of fiscal 2009.

"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 virtualization and will drive the Dell value proposition into more areas of the enterprise storage business," he said.

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