Compellent Issues Statements on Dell Decision to Acquire EqualLogicNovember 5, 2007
EDEN PRAIRIE, Minn., Nov. 5, 2007 — Compellent Technologies, Inc. (NYSE Arca: CML) released the following statements today regarding the announcement Dell Inc. made that it intends to acquire EqualLogic for $1.4 billion.
Phil Soran, Chairman and CEO of Compellent said:
"Dell's acquisition of EqualLogic adds further momentum to the market for network storage solutions that support iSCSI. We agree with Michael Dell's statement that our customers will be dealing with the largest increase in data we have seen in our history over the next few years. We believe that the simplification and virtualization of storage needs to be an essential element of any storage vendors' market strategy.
The path to the virtual data center, though, should be lined with storage area network (SAN) products that offer simultaneous support for both iSCSI and FC server connections. A flexible approach to connectivity allows businesses to optimize their storage resources and select the right technology for each application, rather than being forced into a connectivity choice that may not work best for their business."
Tony Asaro, senior analyst of Enterprise Strategy Group, said:
"Our research has found that a large number of end users often want Fibre Channel (FC) and iSCSI within the same storage system to get the most out of their storage resources. FC is the dominate storage interconnect and will remain so for years to come. iSCSI is rapidly emerging and will continue to do so, and having the versatility of supporting both protocols is valuable to end users and the market."
Scott Winslow, CEO of Winslow Technology Group, a Compellent partner, said:
"Today's news validates what Winslow Technology Group has long believed: that it makes complete sense for customers to have choice in how they connect their servers to their storage. Yet, now more than ever I'm glad we choose to exclusively sell Compellent because of the stability and vision of its leadership team. We always know where Compellent stands regarding product and sales strategy and that's allowed us to just focus on designing the right solution for customers."
Compellent's leadership team, including Phil Soran, will visit the New York Stock Exchange this Wednesday, Nov. 7, to celebrate the company's recent initial public offering, the third-highest performing IPO in 2007, by ringing the Opening Bell (SM).
About Compellent
Compellent is a leading provider of enterprise-class network storage solutions that are highly scalable, feature-rich and designed to be easy to use and cost effective. Compellent Technologies' principal offices are located in Eden Prairie, Minn. For more information, please visit: http://www.compellent.com.