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HP ( <exchange name="NYSE"> NYSE </exchange>: <ticker name="HPQ"> HPQ </ticker>) today expanded the company's <a href="http://killexams.com/http://www8.HP.com/us/en/products/data-storage/index.html#tab=TAB2" rel="nofollow noopener" target="_blank">Converged Storage</a> portfolio with a solid-state optimized <a href="http://killexams.com/http://www.HP.com/go/storeserv7450" rel="nofollow noopener" target="_blank">all-flash HP 3PAR StoreServ system</a> that delivers performance and low latency without compromising enterprise resiliency or adding data-center complexity." data-reactid="11">LAS VEGAS, NV--(Marketwired - Jun 11, 2013) - HP ( NYSE : HPQ ) today extended the enterprise's Converged Storage portfolio with an outstanding-state optimized all-flash HP 3PAR StoreServ equipment that gives you efficiency and low latency with out compromising commercial enterprise resiliency or adding records-middle complexity.
HP also has extended its six-year lead in software-defined storage with a new <a href="http://killexams.com/http://www.HP.com/go/storeoncevsa" rel="nofollow noopener" target="_blank">HP StoreOnce Virtual Storage Appliance</a> (VSA) that cuts the cost of small site backup by up to 65 percent.<sup>(1)</sup>" data-reactid="12">HP additionally has extended its six-yr lead in software-described storage with a brand new HP StoreOnce digital Storage appliance (VSA) that cuts the cost of small site backup through as much as 65 %.(1)
HP. "With the new 3PAR StoreServ and StoreOnce innovations, customers get best-in-class, purpose-built solutions to address critical new requirements while retaining the simplicity that comes from an approach that can manage and serve a variety of needs without creating new storage silos."</em>" data-reactid="13">"it be impossible for companies to deal with unpredictable workloads can charge effectively in the event that they're managing disparate storage silos," talked about David Scott, senior vice president and popular supervisor, Storage Division, HP. "With the new 3PAR StoreServ and StoreOnce improvements, shoppers get most excellent-in-classification, intention-constructed solutions to handle important new requirements whereas maintaining the simplicity that comes from an method that may manipulate and serve quite a lot of needs without creating new storage silos."
HP.com/go/storeserv7450" rel="nofollow noopener" target="_blank">HP 3PAR StoreServ 7450 Storage</a> system delivers more than 550,000 input/output operations per second with less than 0.7 millisecond response time.<sup>(2)</sup> Flash-specific caching algorithms dynamically adjust read/write granularity to reduce latency and speed transactions. In addition, <a href="http://killexams.com/http://www8.HP.com/us/en/products/storage-software/product-detail.html?oid=5386541" rel="nofollow noopener" target="_blank">HP 3PAR Priority Optimization</a> software assures performance for specific workloads to improve overall productivity." data-reactid="14">Maximizing enterprise agility with an all-flash, strong-state-optimized array The HP 3PAR StoreServ 7450 Storage gadget provides greater than 550,000 enter/output operations per 2d with lower than 0.7 millisecond response time.(2) Flash-particular caching algorithms dynamically modify study/write granularity to cut back latency and pace transactions. furthermore, HP 3PAR precedence Optimization software assures efficiency for particular workloads to improve standard productiveness.
HP 3PAR StoreServ 7450 Storage system has hardware-accelerated data compaction that reduces capacity needs by up to 50 percent without degrading performance.<sup>(3)</sup> Systemwide striping, which automatically writes data across all resources, increases througHPut, load balances the system and extends media life by eliminating hot spots. Unlike offerings from startup companies, the HP 3PAR StoreServ 7450 assures business continuity with persistent technologies that provide constant application access in the event of local hardware issues or a site disaster." data-reactid="15">To convey a swift return on funding, the HP 3PAR StoreServ 7450 Storage equipment has hardware-accelerated data compaction that reduces means wants by as much as 50 percent with out degrading performance.(three) Systemwide striping, which automatically writes statistics throughout all elements, raises througHPut, load balances the equipment and extends media existence by using doing away with sizzling spots. not like offerings from startup organizations, the HP 3PAR StoreServ 7450 assures business continuity with persistent applied sciences that give steady utility access within the event of native hardware considerations or a website catastrophe.
HP is the only vendor to offer a single product architecture that spans midrange-priced platforms, all-flash performance-optimized platforms and enterprise platforms with multipetabyte scale.<sup>(4)</sup> Competitors with legacy portfolios are unable to make the leap from traditional storage to flash optimized systems without starting from scratch or introducing separate storage silos.<sup>(1)</sup> HP 3PAR StoreServ's simplification provides investment protection, reduces cost and speeds deployment -- all of which is only possible because of the modern architecture of the 3PAR StoreServ system. Leveraging the same core architecture allows all systems to share common data services, such as HP 3PAR Peer Motion storage federation software, to move live data nondisruptively to other systems and sites." data-reactid="16">HP is the most effective dealer to present a single product structure that spans midrange-priced platforms, all-flash performance-optimized platforms and commercial enterprise systems with multipetabyte scale.(four) competitors with legacy portfolios are unable to make the leap from average storage to flash optimized systems without starting from scratch or introducing separate storage silos.(1) HP 3PAR StoreServ's simplification gives investment protection, reduces cost and speeds deployment -- all of which is only viable because of the modern architecture of the 3PAR StoreServ device. Leveraging the same core architecture allows for all programs to share typical data services, equivalent to HP 3PAR Peer motion storage federation utility, to movement are living information nondisruptively to other programs and sites.
HP 3PAR StoreServ family <br> </strong>New features added to HP 3PAR StoreServ strengthen enterprise security with advanced data encryption to assist healthcare, finance and government customers to meet their compliance requirements." data-reactid="17">New application and SAN infrastructure for the complete HP 3PAR StoreServ family unit New points introduced to HP 3PAR StoreServ support commercial enterprise safety with superior facts encryption to assist healthcare, finance and executive customers to meet their compliance necessities.
HP.com/storage/software/3par/pps/index.html" rel="nofollow noopener" target="_blank">HP 3PAR Peer Persistence</a> is an active-active stretch cluster that provides transparent data center failover to eliminate workflow disruptions.<sup>(1)</sup>" data-reactid="18">not like opponents that require the separate expense of a committed equipment, HP 3PAR Peer Persistence is an lively-energetic stretch cluster that gives transparent facts middle failover to dispose of workflow disruptions.(1)
HP also announced a new HP StoreFabric 16-gigabit (Gb) SAN infrastructure that eliminates bandwidth bottlenecks to maximize the performance of flash-based systems." data-reactid="19">HP additionally introduced a new HP StoreFabric 16-gigabit (Gb) SAN infrastructure that eliminates bandwidth bottlenecks to maximise the performance of flash-based mostly programs.
HP StoreOnce VSA deploys as a virtual machine on existing industry-standard servers, eliminating the need for customers to purchase dedicated hardware. It enables backup-as-a-service offerings for hosting providers and lowers costs for enterprise remote office protection. In addition, HP StoreOnce VSA reduces physical hardware requirements by up to 50 percent and energy costs by up to 70 percent.<sup>(5) </sup>" data-reactid="20">2nd-generation software-defined storage for extra effective facts coverage HP StoreOnce VSA deploys as a virtual computer on current trade-average servers, putting off the want for valued clientele to buy dedicated hardware. It makes it possible for backup-as-a-service choices for hosting providers and lowers charges for business far flung office coverage. additionally, HP StoreOnce VSA reduces physical hardware requirements through as much as 50 percent and energy expenses through as much as 70 %.(5)
HP already is shipping the broadest portfolio of software-defined servers, storage and networks -- all the key components for a software-defined data center.<sup>(1)</sup> The new HP StoreOnce VSA joins software-defined networking, server and storage as part of the <a href="http://killexams.com/http://www8.HP.com/us/en/solutions/solutions-detail.html?compURI=tcm:245-785656&pageTitle=converged-infrastructure&contentView=business&bold=B" rel="nofollow noopener" target="_blank">HP Converged Infrastructure</a> portfolio." data-reactid="21">HP already is shipping the broadest portfolio of software-defined servers, storage and networks -- all of the key components for a application-described data middle.(1) the brand new HP StoreOnce VSA joins software-described networking, server and storage as a part of the HP Converged Infrastructure portfolio.
HP StoreOnce meets enterprise disk backup needs with a single storage architecture.<sup>(1)</sup> It can be deployed across application and backup servers, as well as on physical and virtual storage appliances. This enables customers to transfer deduplicated data between any HP StoreOnce system without adding the bandwidth and management overhead of disparate systems." data-reactid="26">in contrast to the fragmented complexity of competitive options, simplest HP StoreOnce meets commercial enterprise disk backup wants with a single storage architecture.(1) It can also be deployed throughout software and backup servers, in addition to on physical and digital storage appliances. This enables clients to transfer deduplicated information between any HP StoreOnce device without including the bandwidth and administration overhead of disparate programs.
HP.com/us/en/products/tape-automation/product-detail.html?oid=5386662" rel="nofollow noopener" target="_blank">HP StoreEver MSL6480 Tape Library</a> has enterprise-class features for long-term data protection at a midrange price. It starts small and expands easily to provide industry-leading performance, scale and density -- up to 60.4 TB/hour and 3.5 PB -- in a single library." data-reactid="27">delivering most excellent-in-type scalability to guide impulsively becoming environments The HP StoreEver MSL6480 Tape Library has enterprise-category elements for lengthy-time period data insurance policy at a midrange price. It starts small and expands with no trouble to provide business-main performance, scale and density -- as much as 60.four TB/hour and 3.5 PB -- in a single library.
HP Converged Storage portfolio is further integrated with the new <a href="http://killexams.com/http://www.autonomy.com/20130611.en.html" rel="nofollow noopener" target="_blank">HP Data Protector 8</a> backup and recovery software. Customers can now protect environments with up to 1 trillion unique filenames, more than 100 times that of competitive backup applications.<sup>(1)</sup>" data-reactid="28">The HP Converged Storage portfolio is additional built-in with the new HP statistics Protector eight backup and recovery software. shoppers can now give protection to environments with as much as 1 trillion exciting filenames, more than a hundred instances that of competitive backup applications.(1)
Pricing and availability(6)
HP and authorized channel partners." data-reactid="36">All offerings are available worldwide from HP and certified channel companions.
HP Converged Storage solutions is available at <a href="http://killexams.com/http://www.HP.com/go/storage/nextera" rel="nofollow noopener" target="_blank">www.HP.com/go/storage/nextera</a>." data-reactid="37">additional information about the new HP Converged Storage solutions is accessible at www.HP.com/go/storage/nextera.
HP Discover Las Vegas press conference is available at:<br> <a href="http://killexams.com/http://HPbroadband.com/program.aspx?key=18399StorageTues830" rel="nofollow noopener" target="_blank">http://HPbroadband.com/program.aspx?key=18399StorageTues830</a>." data-reactid="38">A recording of the HP find Las Vegas press conference is available at:http://HPbroadband.com/application.aspx?key=18399StorageTues830.
HP<br> </strong>HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans <a href="http://killexams.com/http://www.HP.com/printers" rel="nofollow noopener" target="_blank">printing</a>, <a href="http://killexams.com/http://www.HP.com/country/us/en/prodserv/computers.html" rel="nofollow noopener" target="_blank">personal computing</a>, <a href="http://killexams.com/http://www8.HP.com/us/en/software/enterprise-software.html" rel="nofollow noopener" target="_blank">software</a>, <a href="http://killexams.com/http://www8.HP.com/us/en/services/it-services.html" rel="nofollow noopener" target="_blank">services</a> and <a href="http://killexams.com/http://www8.HP.com/us/en/solutions/solutions-detail.html?compURI=tcm:245-785656" rel="nofollow noopener" target="_blank">IT infrastructure</a> to solve customer problems. More information about HP is available at <a href="http://killexams.com/http://www.HP.com/" rel="nofollow noopener" target="_blank">http://www.HP.com</a>." data-reactid="39">About HP HP creates new possibilities for technology to have a significant have an effect on on individuals, agencies, governments and society. the area's largest know-how company, HP brings together a portfolio that spans printing, very own computing, software, capabilities and IT infrastructure to resolve consumer issues. extra tips about HP is obtainable at http://www.HP.com.
HP internal comparative analysis of publicly available data from major competitors, June 2013. <br> (2) Based on HP internal testing using public domain I/O subsystem measurement and characterization tools. <br> (3) The above is intended to highlight certain aspects of HP's Get Thin Guarantee and does not contain the full terms, conditions, limitations, definitions and other provisions ("Terms") of the Get Thin Guarantee. <br> (4) ESG, "<a href="http://killexams.com/http://www.esg-global.com/blogs/HPs-new-all-flash-3par-is-all-integrated-under-existing-management-umbrella/" rel="nofollow noopener" target="_blank">HP's New All-Flash 3PAR Is 'All-Integrated' Under Existing Management Umbrella</a>" June2013. <br> (5) Based on HP comparisons of public data on HP StoreOnce VSA and EMC DD 160 data sheets as of May 2013. <br> (6) Estimated U.S. list prices. Actual prices may vary." data-reactid="40">(1) in accordance with HP internal comparative evaluation of publicly obtainable information from major competitors, June 2013.(2) in line with HP internal testing using public area I/O subsystem measurement and characterization tools.(3) The above is intended to highlight definite elements of HP's Get skinny guarantee and does not contain the complete terms, circumstances, obstacles, definitions and different provisions ("terms") of the Get skinny guarantee.(four) ESG, "HP's New All-Flash 3PAR Is 'All-built-in' below current management Umbrella" June2013.(5) in line with HP comparisons of public facts on HP StoreOnce VSA and EMC DD 160 statistics sheets as of may additionally 2013.(6) Estimated U.S. list expenditures. precise costs may additionally vary.
HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP's businesses; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; assumptions related to pension and other post-retirement costs and retirement programs; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements." data-reactid="41">This information release incorporates ahead-searching statements that involve risks, uncertainties and assumptions. If such dangers or uncertainties materialize or such assumptions show wrong, the results of HP and its consolidated subsidiaries might differ materially from these expressed or implied by using such forward-looking statements and assumptions. All statements other than statements of old reality are statements that may well be deemed ahead-looking statements, together with but no longer restricted to statements of the plans, suggestions and pursuits of management for future operations; any statements concerning anticipated construction, performance, market share or competitive performance concerning items and services; any statements related to expected operational and financial outcomes; any statements of expectation or perception; and any statements of assumptions underlying any of the foregoing. hazards, uncertainties and assumptions consist of macroeconomic and geopolitical developments and routine; the aggressive pressures faced by HP's corporations; the building and transition of new products and capabilities and the enhancement of current products and services to meet client wants and reply to rising technological trends; the execution and efficiency of contracts with the aid of HP and its consumers, suppliers and companions; the insurance plan of HP's highbrow property assets, including intellectual property licensed from third events; integration and other hazards associated with business mixture and funding transactions; the hiring and retention of key personnel; assumptions related to pension and other submit-retirement prices and retirement classes; the execution, timing and effects of restructuring plans, including estimates and assumptions involving the charge and the predicted benefits of imposing these plans; the resolution of pending investigations, claims and disputes; and different dangers that are described in HP's filings with the Securities and alternate commission, including HP's Annual document on form 10-ok for the fiscal 12 months ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking statements.
HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein." data-reactid="42">© 2013 Hewlett-Packard construction business, L.P. The guidance contained herein is discipline to exchange without note. The handiest warranties for HP products and capabilities are set forth within the specific assurance statements accompanying such items and features. Nothing herein should still be construed as constituting an further warranty. HP shall not be answerable for technical or editorial mistakes or omissions contained herein.
(replace: HP mentioned in a webcast that the offer is a follow-up to a outdated one that 3Par rejected.)
one of the vital biggest acquisitions announced last week turned into Dell’s $1.15 billion offer for records storage business 3Par. Now it appears the computer colossal has some competition.
HP introduced this morning that it has made a counter offer to 3Par’s board, proposing that it will purchase the enterprise for $1.6 billion in cash — or $24 a share, in comparison to Dell’s $18 per share. The deal turned into authorised via HP’s board and handiest needs the approval of 3Par’s board to be finalized. once accredited, HP expects the transaction to within reach the end of the year.
In a letter to 3Par CEO David Scott, HP CTO Shane Robison argues that besides providing 33 % more than Dell, there are strategic advantages for 3Par to go together with its offer: “HP is uniquely placed to capitalize on 3PAR’s subsequent-technology storage expertise through applying our international attain and advanced routes to market to deliver 3PAR’s products to customers all over.”
HP says that the addition of 3Par’s superior server technology “would accelerate its Converged Infrastructure strategy, which offers shoppers with a portfolio of highbrow property across storage, server and networking options.”
3Par has raised over $183 million considering its founding in 1999, with backing by indispensable Capital companions, Alliance Bernstein, Open container Capital, Mayfield Fund, Worldview technology partners, Menlo Ventures, and Van Wagoner Capital management. It went public in 2007, even if it was losing money at the time.
US desktop significant Hewlett-Packard emerged the winner on Thursday in a bidding warfare with Dell for 3PAR after elevating its present for the information storage enterprise to 33 US greenbacks per share or 2.35 billion US dollars.
HP and 3PAR make a "winning aggregate," HP govt vice president Dave Donatelli observed in a joint remark confirming the deal became done and had been approved by using boards of administrators at both enterprises.
HP anticipated 3PAR know-how to "bolster our capacity to deliver shoppers with the industry's optimum degrees of efficiency, efficiency and reliability," said Donatelli, supervisor of business Servers, Storage and Networking at HP.
"We intend to invest in 3PAR's technology," he added.
Dave Johnson, Dell's senior vice president for company strategy, introduced the circular Rock, Texas-primarily based company's resolution to drag out of the bidding which begun on August sixteen with an 18-dollar per share present for 3PAR with the aid of Dell.
"We took a measured method right through the method and have determined to conclusion these discussions," Johnson spoke of in a statement.
Dell dropped its try and purchase the Fremont, California-based 3PAR after HP topped its final offer of 32 US dollars per share.
The 3PAR board of directors had suggested accepting an prior offer from Dell but determined to terminate their merger settlement and settle for the "sophisticated" present from the Palo Alto, California-based mostly HP.
Dell spoke of it's entitled to get hold of a 72-million-dollar break-up charge from 3PAR as a result of the enterprise's choice to go together with the HP bid.
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HP, the world's largest laptop manufacturer, and Dell, the third-greatest, are both looking for to expand their offerings to consist of services and storage.
With the rise of information superhighway-based "cloud computing," in which statistics is saved remotely, 3PAR was a pretty target and the bidding battle for the company saw its stock triple in two weeks.
"3PAR has built a acceptance for supplying corporations and cloud computing provider suppliers the skill to do greater with much less," referred to 3PAR chief executive David Scott.
The acquisition of 3PAR gives HP an skills over the marketplace for superior high-end information storage options, where 3PAR is the dominant player.
3PAR's technology allows massive agencies and govt groups to shift to "cloud" storage systems, drastically cutting storage expenses.
Silicon Valley analyst Rob Enderle noted it become subsequently more important for HP to acquire 3PAR than it became for Dell and he expected Dell to now deepen its partnership with software massive Microsoft.
HP chief financial officer Cathie Lesjak has been serving as interim chief government due to the fact that Hurd resigned on August 6 in the wake of a sexual harassment can charge that uncovered subterfuge with enterprise fees.
Shares in 3PAR gained 2.49 p.c on Wall street on Thursday to close at 32.88 US dollars while HP won 1.20 % to finish at 39.68 US bucks and Dell gained 1.98 US greenbacks to close at 12.36 US bucks.
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