HP said today it has completed the acquisition of storage firm 3Par, in a deal worth about $2.35 billion.
3Par was the subject of a bidding war between Dell and HP earlier this month, with HP eventually emerging victorious, with a bid of $33 per share.
3Par specialises in high-end data storage, a key part of cloud computing - an increasingly popular technology that enables computer users to access data and software over the Internet, allowing companies to cut costs.
It competes with EMC Corp, Hitachi, NetApp and other companies offering storage products.
But 3Par has barely made a profit since its founding in 1999, and some analysts say the rapid-fire bidding has raised the risk of buyer's remorse, as egos take over and rational assessments of valuations take a backseat.
