Dell Completes $940m Acquisition of Compellent Technologies

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Dell (NASDAQ: Dell) today completed its [$940m] acquisition of Compellent Technologies, Inc. (NYSE: CML), a rapidly-growing provider of highly-virtualized storage solutions with automated data management features, including tiering and thin provisioning, for enterprise and cloud-computing environments.  Compellent shareholders approved the acquisition at a special shareholder meeting today.

The Compellent acquisition is Dell’s latest strategic investment to expand its award-winning, enterprise storage portfolio which includes EqualLogic and PowerVault. The combination of Compellent technology with current Dell storage solutions significantly advances the Dell strategy to help customers better manage data growth, reduce storage costs and dramatically simplify the management of IT infrastructure.”

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