Dell Expands in Data-Storage Business

SAN FRANCISCO, Feb 4 (Reuters) – Dell Inc onMonday introduced new data-storage systems as it expands in thefast-growing business of selling tools that allow companies toback up huge volumes of digital information.

The new systems grew out of Dell’s recently completed $1.4billion purchase of EqualLogic, the company’s largestacquisition.

Dell’s data-storage business has grown at a 30 percentcompound annual growth rate over the past seven years and isone of the computer maker’s fastest-growing businesses,accounting for about $2.4 billion of total revenue, ChiefExecutive Michael Dell said in an interview on Monday.

The systems, which start at $19,000 and are geared towardmedium-sized businesses, are available on Monday. They useexisting corporate network connections, eliminating the need toinstall more-complicated and more-expensive connections.

"The Dell-EqualLogic product line is really going at thebull’s eye of the fastest-growing part of the storageopportunity," Michael Dell said.

(Reporting by Philipp Gollner; Editing by Lisa Von Ahn)

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