CEO Phil Soran predicted that his Compellent data-storage company, unlike most acquisitions of minnows by whales, would work for Compellent after its $800 million acquisition last winter by huge computer maker Dell Inc.
Soran, now president of Dell Compellent, has been right so far.
Compellent, which had more than 550 employees at the time of the deal last February, has hired an additional 300 people this year, the majority based in Minnesota. It has leased 40,000 square feet of office space in Edina for client support and training, in addition to its two-building campus in Eden Prairie.
"We're going to start moving into the additional space this fall," Soran said last week from a sales call in Louisville, Ky. "We told Dell that Minneapolis has the talent to grow the system and we are hiring engineers, sales, client support, marketing ... good-paying jobs, mostly in [the] Minneapolis [area]."
Two factors are driving Dell Compellent's storage business: data storage is not an option for most companies and Compellent's products have featured innovative customized, modular storage that stores less-used data on slower, lower-cost disks, and also lowers energy usage.
"Also, we're now Dell storage," Soran added. "They used to be a reseller of other people's storage. We have a great product, great IP [intellectual property], and we're rolling that into one of the best technology sales forces in the world. Dell is helping us fuel our growth."
Soran said Compellent storage sales, about $150 million in 2010, are nearly doubling every quarter this year. The company has added 700 companies so far in 2011, more than it added in 2010.
Dell Compellent has customers in 47 countries, including 20 in which Compellent has made initial sales this year thanks to the Dell relationship.