Scott's Feed
Sep 3, 2010

Windfall for 3PAR’s insiders, early investors

SEATTLE (Reuters) – Hewlett-Packard Co’s deal to buy 3PAR Inc for an eye-popping $2.4 billion in cash means a massive windfall for insiders and investors in the specialist data storage firm after a decade of toiling away in the obscure backwaters of Silicon Valley.

Chief Executive David Scott stands to get about $96 million, while venture capital firms Menlo Ventures and Worldview Technology Partners — who helped finance the firm’s early expansion — are set to reap many millions in profits from their long-term investments.