Technology Blog

STERLING, Va., Sept. 3 /PRNewswire/ -- IceWEB(TM), Inc. (OTC Bulletin Board: IWEB), www.iceweb.com, a leading provider of Unified Data Storage and building blocks for cloud storage networks, sees favorable trends in merger and acquisition activity in the data storage market. John R. Signorello, Chairman and CEO of IceWEB, Inc., commented, "We are seeing some very exciting activity in the data storage market over the past few years. The recent bidding war for data storage provider 3PAR between Hewlett-Packard and Dell has triggered a great deal of attention to the sector." On Monday, August 23, 2010, Hewlett-Packard Co. launched a bidding war for data-storage provider 3PAR Inc., making a $1.8 billion bid that is one-third higher than what rival Dell Inc. agreed to pay for the company. On Friday, August 27, Dell matched HP's offer of $1.8 billion, only to be countered again by HP offering $2 billion for the company. On Thursday, September 2, after a two-week bidding war between the technology giants, HP offered