Compellent Technologies

Compellent Technologies

Develops enterprise storage software and hardware solutions.

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$820m

Valuation: $820m

Acquisition
Total Funding000k
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Compellent Technologies was a manufacturer of enterprise data storage systems, established in 2002 by co-founders Phil Soran, John Guider, and Larry Aszmann. The founders leveraged their extensive backgrounds in network storage and virtualization to pioneer new solutions. Their previous venture, XIOtech, another storage company, was sold to Seagate in 2000 for $360 million. This history of collaboration and success in the storage sector set the stage for Compellent's development.

The company focused on providing block-level storage resources for small and medium-sized IT infrastructures. Its business model centered on selling its products through a channel network of independent providers and resellers. Compellent's flagship product was the Storage Center, a storage area network (SAN) system that integrated a standards-based hardware platform with a suite of virtualized storage management applications. A key feature was its "Fluid Data" technology, which automated data movement and management at a granular level. This system's architecture included features like automated tiered storage (Data Progression), thin provisioning, continuous snapshots (Data Instant Replay), and replication, designed to optimize performance and reduce costs. The system tracked metadata for each block of data, allowing it to automatically place data on the most appropriate storage tier based on access frequency and other factors.

Compellent achieved significant financial milestones, including its initial public offering on October 15, 2007, and reaching profitability by the third quarter of 2008. The company demonstrated consistent growth, reporting 17 consecutive quarters of revenue increases by early 2010. In a strategic move to expand its own enterprise storage portfolio, Dell announced its agreement to acquire Compellent in December 2010. The acquisition was finalized in February 2011 for approximately $960 million, after which the company operated as Dell Compellent. Over the following years, the Compellent brand name was gradually phased out, with the product line being integrated into the Dell SC series.

Keywords: Compellent Technologies, data storage, enterprise storage, storage area network, SAN, block-level storage, fluid data, automated tiered storage, thin provisioning, data virtualization, Phil Soran, John Guider, Larry Aszmann, Dell Compellent, Storage Center, data management, storage hardware, storage software, IT infrastructure, data replication, network storage, Dell SC series, XIOtech

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