HPE acquires Nimble Storage to deliver all-flash data centre
Wed 8 Mar 2017
Hewlett Packard Enterprise (HPE) has announced that it has bought Nimble Storage for $1.2 billion (approx. £988 million), in an effort to drive its vision for the all-flash data centre.
According to an HPE press release, the company spent around $1 billion to acquire the company and an estimated $200 million in buying out the unvested shares.
The deal will help HPE to deliver offerings in the all-flash storage array market, which IDC research, cited in the release, predicts to be growing at a rate of 17% annually.
Alongside its expertise in all-flash storage, Nimble also offers industry-leading cloud-based management and predictive analytics software to help businesses better manage and accelerate their flash storage.
The company’s InfoSight Predictive Analytics platform, for example, claims to automatically identify 90% of issues within a user’s infrastructure and resolve 85% of them without human intervention.
HPE confirmed that it would be deploying the InfoSight technology across all of its storage products.
‘Nimble Storage’s portfolio complements and strengthens our current 3PAR products in the high-growth flash storage market and will help us deliver on our vision of making Hybrid IT simple for our customers,’ said HPE President and CEO, Meg Whitman.
She continued: ‘This acquisition is exactly aligned with the strategy and capital allocation approach we’ve laid out. We remain focused on high-growth and higher-margin segments of the market.’
Founded in 2007, Nimble was one of the hybrid array startups to reimagine the SAN array, alongside Tintri and Tegile. The company entered the IPO process in December 2013 and shares sold for as much as $35.13, before closing at $33.93.
Despite falling quite drastically after that, Nimble has recovered and delivered revenues of $402 million in its latest fiscal year.
Earlier this year, HPE completed its acquisition of SimpliVity, a provider of software-defined and hyper-converged infrastructure. Both deals build on a wider HPE strategy to pursue software-defined and machine learning innovations to create a data centre ‘capable of supporting millions of IOPS, petabyte capacity, and a multi-tenant architecture.’
‘We are listening to our customers’ needs and continuing to help them shift from the traditional data centre to a software-defined data centre, with all-flash at the heart,’ said HPE Executive VP and General Manager, Antonio Neri.