Press Release Published by: HPE
Source URL: https://www.hpe.com/us/en/newsroom/news-archive/press-release/2017/01/HPE-to-Acquire-SimpliVity-and-Expand-Leadership-in-Growing-Hybrid-IT-Industry.html
Advances HPE’s strategy in the fast-growing, high-margin hyperconverged market •Makes possible the most complete, “built-for-enterprise” hyperconverged infrastructure offering for customers •HPE to pay $650 million in cash
Hewlett Packard Enterprise (NYSE: HPE) today announced a definitive agreement to acquire SimpliVity, a leading provider of software-defined, hyperconverged infrastructure, for $650 million in cash. The hyperconverged market was estimated to be approximately $2.4 billion in 2016, and is expected to grow at a compound annual growth rate of 25 percent, to nearly $6 billion, by 2020. By bringing together HPE’s best-in-class infrastructure, automation and cloud management software with SimpliVity’s industry leading software-defined data management platform, HPE and its partner ecosystem will deliver the industry’s only “built-for-enterprise” hyperconverged offering.
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“This transaction expands HPE’s software-defined capability and fits squarely within our strategy to make Hybrid IT simple for customers,” said Meg Whitman, President and CEO, Hewlett Packard Enterprise. “More and more customers are looking for solutions that bring them secure, highly resilient, on-premises infrastructure at cloud economics. That’s exactly where we’re focused.”
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