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3PAR Inc.
4209 Technology Dr.
Fremont, CA 94538
Company Web Site
 
Phone: 510-413-5999
Fax: 510-413-5699
Toll Free: 888-372-7226
 

3PAR has taken a swing at the high-end storage market. The company's storage servers and software let large enterprises pool their storage assets across multiple departments or lines of business, consolidating data management while allowing differentiated service levels. Its customers include midsized and large corporations and government agencies worldwide. Target sectors for 3PAR include cloud computing service providers, consumer-oriented Web companies, and financial services firms. The company was founded by veterans of Sun Microsystems. 3PAR counts eHarmony.com, Hilton Grand Vacations Thomas Weisel Partners, and the US Army among its clients.   


IPO Information
Date Went Public:   Nov 16, 2007
Filing Date:   Aug 14, 2007

Proposed Offer Price:   $11.00 to $13.00
Actual Offer Price:   $14.00
First Day Open:   $16.50
First Day Close:   $15.75

Shares Offered (mil.):   7.50
Offering Amount (mil.):   $105.00
Post-Offering Shares (mil.):   60.02

Underwriters:  
Goldman, Sachs & Co.; Credit Suisse Securities (USA) LLC; UBS Securities LLC; Thomas Weisel Partners LLC; RBC Capital Markets Corporation
Key Numbers
Company Type:  Public

NYSE Arca:  PAR
Fiscal Year-End: March
2009 Sales (mil.): $184.7
1-Year Sales Growth: 56.5%
2009 Net Income (mil.): ($1.0)
2009 Employees:  591
1-Year Employee Growth: 31.0%


Key People

Chairman
Kevin Fong

President, CEO, and Director
David C. Scott

CTO System Architecture
Ashok Singhal

CTO System Design and Director
Jeffrey A. (Jeff) Price

VP Business Development and Alliances
Stephen F. (Steve) Crimi