On August 26, 2010, 3PAR said it accepted Dell's revised offer for a price of $24.30 per share, or approximately $1.6 billion, net of 3PAR's cash. įollowing that, on August 23, 2010, Hewlett-Packard Company (HP) announced it had offered $1.5 billion (30% higher than Dell's offer) to acquire 3PAR in a letter sent to 3PAR's president and CEO. On August 16, 2010, Dell announced that it would acquire 3PAR in a transaction valued at approximately $1.15 billion, net of 3PAR's cash. In April 2010, the company was recognized by Forbes magazine as the fourth fastest growing technology company in its Tech25 list. In March 2010, the company introduced 3PAR Adaptive Optimization, the industry's first implementation of autonomic storage tiering for cost optimization in high-end storage systems, targeted at enterprises and service providers. One year later, 3PAR opened an Indian subsidiary in Bangalore focused on providing logistical and administrative support for its Global Services and Support operations. In December 2008, 3PAR moved to the NYSE Big Board. In the same month, 3PAR introduced Virtual Domains, which allow for secure application data isolation on a consolidated multi-tenant storage platform. The company completed an initial public offering in November 2007 and was initially listed on the NYSE Arca exchange under the symbol PAR. In September 2007, 3PAR opened a second research and development office in Belfast, Northern Ireland. Investors included Mayfield Fund, Menlo Ventures and Worldview Technology Partners. Īn investment round of almost $33 million was disclosed in February 2004. ģPAR first announced this capability in June 2002 and shipped it to customers in 2003. 3PAR called itself a pioneer of thin provisioning, a mechanism to improve the utilization efficiency of storage capacity deployment. 3PAR's primary competitors in the enterprise storage market are Dell EMC, Pure Storage, NetApp, Hitachi Data Systems and IBM. ģPAR first shipped the InServ storage server in September 2002. David Scott became president and CEO in January 2001. The R stands for a third partner, Robert Rogers, who left the company in 2001. The founders included Jeffrey Price and Ashok Singhal, the P and A in the company's name. 3PAR was founded in mid-1998 or 1999, originally called 3PARdata.
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