IT Company HPE Acquires Predictive Flash Platform Provider Nimble Storage

March 9, 2017
IT Company HPE Acquires Predictive Flash Platform Provider Nimble Storage
IT company Hewlett Packard Enterprise (HPE) has acquired predictive flash platform provider Nimble Storage (Nimble). HPE, which has headquarters in Palo Alto, California, United States, was established November 1, 2015 when the former Hewlett-Packard company was split into a number of divisions. The company focuses on IT, technology and enterprise products and solutions. Its acquisition of Nimble is reported to have cost $1 billion.

With headquarters in San Jose, California, United States, Nimble bills itself as “the leader in predictive cloud infrastructure”. Its products and services address “app-data” gap issues that occur across infrastructure stacks. These issues disrupt data delivery and ultimately cause businesses problems. Nimble’s predictive cloud platform provides fast and reliable access to data. It caters to around 10,000 customers globally. HPE’s acquisition of the company will enable Nimble to strengthen storage offerings amongst smaller and middle-sized companies.

"This acquisition is exactly aligned with the strategy and capital allocation approach we've laid out," explained Meg Whitman, the CEO of HPE in a press release. "We remain focused on high-growth and higher-margin segments of the market."

“Over 10,000 enterprises are using Nimble Storage because our Predictive Cloud Platform is reliably fast, radically simple, and cloud ready,” added Nimble Storage’s CEO, Suresh Vasudevan. “This acquisition validates our technology leadership in flash and in the use of cloud-based predictive analytics. We’re confident that by combining Nimble Storage’s technology leadership with HPE’s global distribution strength, strong brand, and enterprise relationships, we’re creating expansion opportunities for the combined company.”

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