Storage consolidation, also called storage convergence is a method of centralizing data storage among multiple servers.
In business terms, an "acquisition" means purchasing another company, such as a competitor, a supplier or a distributor.
Initially, an acquisition affects only the balance sheet. If you pay cash, then the cash asset account on your balance sheet shrinks by ,000.
Other desirable features include simplification of the storage infrastructure, centralized and efficient management, optimized resource utilization, and low operating cost.
There are three storage consolidation architectures in common use: network-attached storage (NAS), redundant array of independent disks (RAID), and the storage area network (SAN).
In general, acquisitions shouldn't affect your business's income statement, at least at first, since the transaction will be confined to the balance sheet.
However, specific assets you obtain as part of the acquisition may have to be depreciated or amortized, which means at least part of their cost will make its way to the income statement.Questions ➢ For what reasons do corporations purchase the stock of other corporations?➢ Explain how marketable securities should be classified in the balance sheet.The loss-making bank, stung by non-performing property loans left over from Spain's financial crisis, booked a first-quarter loss of €137 million last month and has been trying to raise cash in recent weeks by reportedly looking to offload its stake in credit card company Wizink as well as its US subsidiary Total Bank.The deal also marks the first test of the ECB’s new rules on failing banks, designed to avoid taxpayer-funded bailouts and instead leave existing shareholders and creditors bearing the brunt of the losses.In RAID storage consolidation, the data is located on multiple disks. This facilitates balanced overlapping of input/output (I/O) operations and provides fault tolerance, minimizing downtime and the risk of catastrophic data loss.