HP completes 3PAR takeover

HP announced earlier this month that it had entered into a definitive agreement to acquire 3PAR following a bidding war with Dell.

At the time, HP expected the transaction to be completed by the end of the year, but it took less than a month.

Almost 88% of 3PAR’s shares were tendered to HP, and the takeover was completed by exercising the ‘top-up’ provision in the agreement. 3PAR is now a wholly-owned subsidiary of HP.

The acquisition brings takes HP into enterprise-class public and private cloud storage markets, with capabilities including workload balancing and automatic tiering. Details of how 3PAR’s products will be integrated with the HP range have yet to be revealed.