Dell has acquired data storage solutions provider EqualLogic for $1.4 billion.
New Hampshire based EqualLogic makes internet focused data-storage network systems that use proprietary software “designed to simplify how businesses store and manage data.” EqualLogic offers virtualization solutions and is a minor partner in VMWare.
Dell said that they would use the acquisition to increase their market share in the rapidly growing internet storage market.
Privately held EqualLogic took seed funding from Charles River Ventures before going on to take approx $50 million in funding over several rounds. Prior to today’s acquisition the company had been preparing for an IPO.
Dell expects to complete the acquisition no later than early 2008.
(in part via Reuters)