Boy would I like to be a 3Par shareholder these days. The stock was a short time ago listed at $9 bucks. 3Par shareholders must be thinking they’re at DisneyLand now that it is just under $32 as of Monday, August 30, 2010. I never heard of 3Par and that’s a big reason why I don’t hold any of their stock.
They are one of the leading vendors in thin provisioning of storage for data centres along with Pillar Data Systems and Compellent Technologies out of Minnesota. 3Par was started by ex-Sun executives who spent the better part of this decade creating thin provisioning storage for data centres. 3Par brands its storage solutions as Utility Storage. The company’s flagship product is called InServ Storage Server with Thin Built In and it’s a combination of virtualized and tiered storage arrays. The company has reached a fever pitch because Utility Storage is a best bet solution for both public and private clouds.
Why has 3Par taken off?
Well they haven’t yet, but with managed services becoming hot and then followed up by Infrastructure-as-a-Service (IAAS) 3Par technology suddenly is in need. According to a blog on the 3Par Web site, the company has seven of the top IAAS customers. 3Par success has followed the trend of doing more with less in the computing space. We have heard this message or cry-out now for the past five years or more; customers are forced for economic reasons to do more with less and thin provisioning hits that sweet spot. It saves a tonne of cost on storage.
Why would HP and Dell want 3Par?