Monday, December 17, 2012

Conpellent Says It Isn’t Looking To Be Next Acquisition Target

Compellent Technologies (CML) isn’t looking for a buyer.

The web site ChannelWeb is reporting that Bob Fine, the storage systems company’s director of product marketing, denies the company is shopping for an acquirer.

“Our goal has always been to be an independent, high-growth company,” he reportedly said. “It was never to be in the market for a few years, get acquired and make an exit.” But Fine did say that he expects further consolidation in the storage market.

CML today is down 33 cents, or 1.8%, to $17.70.

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