Dell Expands in Data-Storage Business
SAN FRANCISCO, Feb 4 (Reuters) - Dell Inc on Monday introduced new data-storage systems as it expands in the fast-growing business of selling tools that allow companies to back up huge volumes of digital information.
The new systems grew out of Dell's recently completed $1.4 billion purchase of EqualLogic, the company's largest acquisition.
Dell's data-storage business has grown at a 30 percent compound annual growth rate over the past seven years and is one of the computer maker's fastest-growing businesses, accounting for about $2.4 billion of total revenue, Chief Executive Michael Dell said in an interview on Monday.
The systems, which start at $19,000 and are geared toward medium-sized businesses, are available on Monday. They use existing corporate network connections, eliminating the need to install more-complicated and more-expensive connections.
"The Dell-EqualLogic product line is really going at the bull's eye of the fastest-growing part of the storage opportunity," Michael Dell said.
(Reporting by Philipp Gollner; Editing by Lisa Von Ahn)
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