March 7, 2017
HPE on Tuesday announced that it has acquired Nimble Storage for $1.0 billion cash to bolster its hybrid IT platforms.
The acquisition, priced at $12.50 per share, is expected to close at $1 billion. Nimble plays in the entry- to midrange storage segment and its offerings are complementary to its 3PAR and MSA products.
The acquisition will allow HPE to offer flash storage across segments. HPE also plans to incorporate Nimble’s InfoSight Predictive Analytics across it storage portfolio.
Why Should You Care: This acquisition clearly closes a gap in HPE’s range of products. HPE seems to want to not only fill a gap in their portfolio for entry level flash but also add the predictive analytics that Nimble products bring. This means HPE customers now have additional products to choose from to fit their needs.
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