Hewlett-Packard (HP) has again upped its offer to acquire 3PAR, outbidding Dell for the second time as the two companies fight to buy the storage vendor.
HP has increased its bid from $1.6 billion to $1.8 billion only a few hours after rival Dell matched HP’s previous bid of $1.6 billion, news agency the Associated Press has reported on Thursday.
"Not only is our offer superior to Dell's proposal, HP remains uniquely positioned to execute on the combination given the number of synergies between the two companies," said Dave Donatelli of HP.
3Par, a data storage start-up company, produces cloud computing technology that is claimed to be able to reduce up to 90 per cent of enterprise storage costs and around 75 per cent of business administration costs.
The battle for 3Par began after it signed a takeover deal with Dell for $1.15 billion.
3PAR has so far declined to comment on the new bid, but BBC News reports that HP are expecting to finalise the deal by the end of the year.