Join Transform 2021 this July 12-16. Register for the AI event of the year.


3PAR, a Fremont, Calif. provider of data storage virtualization hardware and software, is apparently headed toward a public offering, revealing on its Web site that it is searching for someone to help it with the IPO registration process
.

3PAR company chose the underwriters for its IPO “a month or two ago,” according to a market analyst cited by VentureWire (subcription required), which first reported the story this morning.

The company has raised $183 million in venture capital over the past eight years.

3PAR’s products are based on a technology known as “thin provisioning” which allows an enterprise to allocate data storage space in the amount that is needed, when it is needed, rather than holding large amounts of empty space in reserves that often go unused…..

3PAR has taken investments from a wide range of firms. Beside AllianceBernstein, Integral Capital, Mayfield and Worldview, other investors include Menlo Ventures, Open Field Capital, Van Wagoner Capital Management, Anschutz Investment Company, iGlobe Partners, Oracle Corp., Symantec Corp. Net One Systems Co. Nissho Electronics Corp. and Sun Microsystems Inc., according to its Web site.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member