Menu
HPE gets set to scale as Nimble Storage acquisition closes

HPE gets set to scale as Nimble Storage acquisition closes

US$1 billion deal reaches completion

Hewlett Packard Enterprise (HPE) is getting ready to scale up the global reach of Nimble Storage, as its US$1 billion acquisition of the company closes.

HPE announced, on 17 April, that it had completed its landmark acquisition of the flash storage vendor, paying US$12.50 per share in cash, and an additional US$200 million for Nimble’s unvested equity awards.

The completion of the deal comes just over a month after the companies confirmed the proposed acquisition, with HPE making the move in a bid to strengthen its flash storage offering and bolster its hybrid IT solutions capabilities.

Now, HPE’s executive vice-president and general manager, Antonio Neri, plans to scale the global reach of the Nimble Storage solution portfolio while maintaining efforts to keep loyal Nimble customers in the fold and fond of the brand.

Antonio Neri - HPE executive vice president and general manager
Antonio Neri - HPE executive vice president and general manager

"I want to personally welcome the Nimble Storage community of customers, employees, and partners to the HPE family,” Neri said.

“With our 75 year heritage of innovation across multiple industries, geographies, and technology domains, this is an incredible opportunity to accelerate the momentum that Nimble Storage has already established in the market.

“At HPE, we are fully committed to the Nimble Storage customer base. We understand that Nimble’s customers have come to love this product, and we will continue to invest in this solution to make it even stronger.

“We will also scale its reach by combining Nimble Storage’s world-class innovation in flash with the power and resources of HPE, an industry leader in servers, storage, and hybrid IT solutions across the globe,” he said.

While Neri expects the acquisition to give HPE the ability to bring flash-optimised data services to customers across the small to medium-sized business (SMB), enterprise and service provider segments of the market, analysts have flagged potential confusion in the channel arising from the deal.

According to Technology Business Research analyst, Krista Macomber, the emergence of a flurry of new alliances by existing technology partners of Nimble Storage, such as Cisco and Lenovo, could be among the potential side-effects of the deal.

“The deal would notch another significant point of competitive consolidation in the data center space spurred by HPE, forcing Nimble partners including Cisco Systems and Lenovo to create new alliances or potentially acquire in flash storage, storage performance monitoring and analytics, and hybrid IT management, while consolidating the roster of available pertinent solutions configurations for customers,” Macomber said, following the acquisition announcement.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags Hewlett-Packardnimble storageHewlett Packard EnterpriseAntonio NeriHPE

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments