Last month, we reported that Hewlett Packard Enterprise (HPE) was in the process of acquiring Nimble Storage for $1 billion and $200 million in unvested equity awards. Today, HPE announced that the acquisition is complete for the above mentions price and equity awards. This is HPE's second major acquisition this year, the first being SimpliVity in January.
Last month, we reported that Hewlett Packard Enterprise (HPE) was in the process of acquiring Nimble Storage for $1 billion and $200 million in unvested equity awards. Today, HPE announced that the acquisition is complete for the above mentions price and equity awards. This is HPE's second major acquisition this year, the first being SimpliVity in January.
As we previously mentioned, this acquisition can build out HPE’s midmarket offerings a bit more. The acquisition also expands HPE’s flash and all-flash market footprint. It also brings Nimble’s predictive flash analytics under HPE’s wing to be used in its 3PAR solutions, SimpliVity solutions, and MSA product lines. Nimble customers will receive the benefit of HPE’s go-to-market capability, partner ecosystem, and robust server platforms.
Founded in 2008, Nimble Storage focused on flash and cloud storage as well as big data analytics. At the time of its acquisition, Nimble had 1,300 employees worldwide and its last fiscal year delivered revenue of $402 million. Nimble Storage is now a wholly owned subsidiary of HPE and its stock will be delisted from the NYSE.
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