Dell Closes EqualLogic Deal

Dell has completed its acquisition of EqualLogic, a Nashua, N.H.-based provider of SAN solutions specifically optimized for virtualization, for approximately $1.4 billion in cash. EqualLogic had raised $52 million in VC funding since 2001, from firms like Charles River Ventures, Sigma Partners, Focus Ventures and TD Capital Ventures. In related news, EqualLogic withdrew registration for a $125 million IPO.