FREMONT, Calif. (

TheStreet

) --

3Par

(PAR) - Get PAR Technology Corporation Report

is setting itself up as an attractive takeover target for larger tech companies which are eyeing smaller firms in the $14 billion data storage business, according to a

Barron's

report.

3Par, with $195 million in estimated revenue, reportedly has cheaper, more advanced data storage technology than its much larger rivals such as

EMC

(EMC)

,

IBM

(IBM) - Get International Business Machines (IBM) Report

and

Hitachi

(HIT)

.

Kevin Hunt, a senior technology analyst at Hapoalim Securities, told

Barron's

that an initial offer "could be north of $15, putting a value of just under $1 billion on the company." He further added, "But, once in play, that takeout value could be quickly pushed up to $20 or more. There are just not that many firms out there that the big players would wish to buy."

Shares of 3Par closed Thursday at $10.28.

3Par has a customer list which includes

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MySpace

,

Verizon

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,

Credit Suisse

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,

Priceline.com

(PCLN)

, as well as the U.S. Census Bureau and the Department of Justice,

Barron's

said.

3Par's technology is regarded as especially apt for the new generation of cloud-computing providers that require the maximum in flexibility, according to the report which noted that both

Hewlett-Packard

(HPQ) - Get HP Inc. (HPQ) Report

and

Dell

(DELL) - Get Dell Technologies Inc Class C Report

made recent acquisitions in this field.

With $100 million in cash and only minimal debt, 3Par's finances are in good shape,

Barron's

noted. Earnings are expected to jump from 6 cents a share this year to around 21 cents to 24 cents next year and 40 cents the year after.