EqualLogic Bought By Dell
Dell on Monday announced its plans to acquire the data storage provider EqualLogic. Dell’s aim with this purchase, it said, is to simplify IT for its customers with EqualLogic’s iSCSI storage area network (SAN).
Their agreement states that Dell will purchase the company for $1.4 billion in cash. The acquisition of EqualLogic is expected to close either late in the fourth quarter in Dell’s fiscal year or early in their first quarter of 2009. This decision is supported by the board of directors of both companies, Dell said, and could be subject to monitored approvals and special closing conditions.
The EqualLogic iSCSI technology is said to lead to lower costs, easier maintenance and simpler management over existing IP networks.