After a seesaw battle of competing bids, Hewlett-Packard Co. outbid Dell Corp. for 3PAR Inc. They have entered into a definitive agreement under which HP will purchase 3PAR, a leading global provider of utility storage, through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion.
After Dell on Thursday increased its offer to $27 a share, Hewlett-Packard Co. has again upped the ante, agreeing to pay $30 a share, or $2 billion, for the Freemont, Calif., company.
Dell announced today that it has raised its bid to buy 3Par to $24.30 a share, or slightly more than the $1.6 billion that Hewlett-Packard Co. offered earlier this week to counter Dell’s initial offer of $18 a share, or $1.2 billion.
Hewlett-Packard Co. will bring Alabama’s state medical system in line with the requirements of the Health Insurance Portability and Accountability Act under an eight-year, $135 million technology services contract.
On Aug. 16, Dell announced an agreement to acquire 3PAR Inc. in a $1.15 billion deal. A week later, HP says it has submitted a proposal to buy 3PAR for $1.6 billion.
Hewlett Packard Corp. is taking another step into the services arena by buying Fortify Software, a privately held software security assurance company in San Mateo, Calif. Terms of the deal were not disclosed.
Harris Corp. has hired Murray Sewell II as its vice president of business development for the company’s intelligence and civilian clients of its information technology services business.
HP Enterprise Services will furnish the Air Force with a new command and control system capable of boosting its cyber defense capabilities under a new contract.
Hewlett-Packard Co. will spend $1 billion to automate data centers and other company functions of its Enterprise Services business, a move analysts say will affect some 9,000 employees between now and about 2013.
After merging with EDS last year to become a single, new entity, the company has its fingers in myriad pies and is looking to hire the best and brightest to help.
Hewlett-Packard Corp. will help the Homeland Security Department speed internal processing of immigration status under a $41.6 million DHS Eagle contract.
Hewlett-Packard Co. said today it has agreed to acquire Palm Inc., credited with creating the smart phone, for $1.2 billion.