Hewlett-Packard holds its APJ ESSN Cloud and Innovation media event in Singapore.

Top acquisitions

Dell has agreed to buy virtualized storage vendor Compellent Technologies in an all-cash deal worth US$27.75 per share, a little more than the $27.50 per share price tag it was discussing with the company last week, but still lower than the stock's Monday-morning opening price of $28.30.

After losing a drawn-out bidding war to Hewlett-Packard to acquire storage vendor 3Par earlier this year, Dell re-opened its coffers in a bid to acquire Compellent Technologies, hoping the company will be the answer to its midrange storage area network (SAN) needs.

Dell said Thursday it is in advanced talks with storage vendor Compellent Technologies regarding a merger that would call for Dell to pay US$27.50 per share, or roughly $876 million, for the company.

Risk takers and adventurers clawed into the market this year. Indeed, we saw an aggressive frenzy hit the ICT market: cloud start-up fever.

HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday.

HP has completed its $2.35 billion merger with 3Par, just weeks after thwarting rival Dell in a bidding war for the storage vendor, HP announced Monday.