HP buys 3PAR

The bidding war between Dell and HP has ended. Dell backed out after HP made a bid of nearly $2.5 billion.

HP and Dell bid for 3PAR

Gist:  HP and Dell, although traditionally computer manufacturers, have identified the importance of secure data storage on the cloud.  3PAR is a leader in this area, and has attracted a $1.6B bid from HP to purchase the company--1/3 more than Dell's bid last week.

Cloud computing enables rental of data storage space so that people and firms don't have to buy it.  Cloud storage also allows people and firms to store and retrieve from almost anywhere.  According to Karan Mehandru, an early stage VC (Trinity Ventures), it would take five years for HP or Dell to develop 3PAR's product.