Closed February 2011
Compellent is a rapidly growing provider of highly-virtualized storage solutions with automated data management features, including tiering and thin provisioning, for enterprise and cloud-computing environments.
Blackstone served as a financial advisor to Compellent's executive management team and Board in its sale to Dell for a total equity value of $955 million.
The acquisition enhances Dell’s data center footprint and strengthens its positioning in the rapidly evolving cloud computing ecosystem. The transaction also provides Dell’s customers with mid and high-end network storage solutions and bolsters Dell’s storage portfolio to offer customers innovative systems at every storage tier, from direct-attach to highly-virtualized SANs. The combination of Compellent’s modular SAN storage with Dell’s customer reach presents an opportunity to grow Compellent faster and across more verticals.