Dell announced a $1.4 billion deal today to acquire Nashua New Hampshire-based EqualLogic, Inc. The company develops software and tools to help businesses store their ballooning troves of digital information.
In addition to being the largest offer from Dell to acquire a company, it’s the largest cash-only deal ever for a venture-based company. If the deal is approved by regulators, it should close in January or February.
EqualLogic employs 380 people and did roughly $150 million in business this year. They are the fourth company that Dell has purchased since July.
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