3PAR® (NYSE Arca: PAR), formerly known as 3PARdata, is the leading global provider of utility storage, a category of next-generation storage arrays built for utility computing. Organizations use utility computing to build cost-effective virtualized IT infrastructures for flexible workload consolidation and for the delivery of software and hardware as a service. Utility computing is a platform for the delivery of enterprise IT as a utility service, which is being used for cloud computing over the Web and a new generation of Service-Oriented Architecture (SOA)-based applications.