Wednesday, December 15, 2010

Dell-Compellent Deal Shows the Sky's the Limit for Cloud Computing M&A

Money Morning submits:
In an indication of how far cloud computing has come - and more importantly where it's headed - tech companies have committed some $5 billion to cloud-related mergers and acquisitions (M&A) since mid-April.

Dell Inc. (Nasdaq: DELL) on Monday made the latest move - snatching up data storage company Compellent Technologies, Inc. (NYSE: CML) for $960 million in cash. The acquisition will help Dell expand its offerings of data-center products - cloud computing.

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