Computer maker Dell is to buy data storage firm Compellent for $820m, as it eyes the rapidly growing cloud-computing market.
Dell, the world's second-largest computer company, said it would integrate Compellent's technology into its business storage technology division.
Compellent's technology enables organisations to store large quantities of data online, slashing storage costs and securing the information.
'Compellent is a natural complement to Dell's expanding enterprise storage portfolio,' said Dell executive Brad Anderson.
Dell will pay Compellent $27.75 per share in cash for a total equity value of around $960m, or around $820m excluding Compellent's cash holdings.
Dell recently lost a bidding war with bigger rival Hewlett-Packard to buy 3Par, a leader in cloud computing technology.
