Dell pays $884M for data storage maker Compellent

Dell, based in Round Rock, Texas, is trying to catch up with other tech companies that have expanded more quickly into the business of storing and organizing data for companies and governments. Dell has an agreement to sell products from EMC Corp., a major player in the data storage industry.

Providing data-center research is shaping up as a more profitable line of business than selling personal computers, which is how Dell nevertheless generates the majority of its revenue.

The PC maker said both companies' boards have approved the deal. Dell said plans to incorporate Compellent into an expanding group of acquired storage businesses, including PowerVault and EqualLogic. Dell will as well start selling Compellent storage products right away.

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