Breaking News
Saturday , November 18 2017
Home / TECHNOLOGY / HP Enterprise Wants Hybrid IT Lead, Buying Nimble Storage for $1 billion

HP Enterprise Wants Hybrid IT Lead, Buying Nimble Storage for $1 billion

Hewlett Packard Enterprise (HPE) announced today that it has agreed to acquire Nimble Storage, a San Jose, Calif.-based provider of predictive all-flash and hybrid-flash storage solutions for about $1 billion. HPE will also assume or pay out Nimble’s unvested equity awards, which are worth about $200 million. The acquisition will help establish HPE’s position as a leader in the all-flash market, the company said.

“Nimble’s predictive flash offerings for the entry to midrange segments are complementary to HPE’s scalable midrange to high-end 3PAR solutions and affordable MSA [modular smart array] products,” the company said in a statement. “This deal will enable HPE to deliver a full range of superior flash storage solutions for customers across every segment.”

A Fast-Growing Market

Flash storage is a fast-growing market and an increasingly important element of hybrid IT environments. The overall flash market was estimated to be approximately $15 billion in 2016 and is expected to be nearly $20 billion by 2020, with the all-flash segment growing at a nearly 17 percent compound annual growth rate, according to HPE.

In addition, HPE said it plans to incorporate Nimble’s InfoSight Predictive Analytics platform across its storage portfolio to enable a stronger, simplified support experience for HPE customers. For example, InfoSight automatically detects 90 percent of all issues within a customer’s infrastructure, and resolves over 85 percent of them, the company said. That should reduce the amount of time and effort a customer’s IT team spends on support activities.

Nimble was founded in 2007 and has approximately 1,300 employees worldwide. Its application performance in its entry to midrange flash storage solutions is backed by a predictive analytics engine that delivers a simplified customer experience, HPE said.

In addition to storage, Nimble’s analytics platform analyzes performance issues across the full data path, from apps to the array, and resolves most…


About editor