Dell to buy storage company for $1.4 billion
 

*Source: News.com (http://www.news.com/Dell-to-buy-stor...tag=nefd.top)*
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Dell announced Monday plans to acquire EqualLogic in a $1.4 billion cash deal, as the computer maker seeks to broaden its reach by bolstering its data storage operations.

EqualLogic develops storage area network (SAN) systems based on the iSCSI standard. The iSCSI standard is designed to operate on a company's existing Ethernet network, meaning businesses could lower costs by forgoing the need to install fiber networks.

"Our customers will be dealing with the largest increase in data we have seen in our history over the next few years," Michael Dell, CEO of the Round Rock, Texas-based company, said in a statement. "Leading the iSCSI revolution will help Dell accelerate IT simplification and virtualization."

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