Hpe nimble san jose full#

Hpe nimble san jose full#

The acquisition is expected to be accretive to HPE earnings in the first full fiscal year following the close.Īs previously announced, the tender offer (the 'Offer') by a wholly owned subsidiary of HPE, and all withdrawal rights thereunder, expired at the end of the day, 12:00 midnight, New York City time, on April 13, 2017. The company delivered revenue of $402 million in its most recent fiscal year, up 25 percent year over year. Nimble was founded in 2007 and has approximately 1,300 employees worldwide. IDC referred to the acquisition as a home run that will benefit both HPE and Nimble customers alike in one of their latest industry reports, which can be downloaded here. Through these strategic investments, we are continuing to strengthen and deepen our portfolio of next generation, software-defined, differentiated solutions that meet the new challenges our customers are facing. This deal, in combination with our recent acquisitions, helps deliver on our vision of making Hybrid IT simple for our customers, said Antonio Neri, EVP and GM, Enterprise Group, HPE. Accelerates Nimbles growth momentum by bringing together complementary product portfolios and leveraging HPEs expansive go-to-market capability, partner ecosystem and leading server platform.

Creates a comprehensive, leading-edge storage portfolio by bringing together Nimbles predictive flash offerings for the entry to midrange segments with HPEs scalable midrange to high-end 3PAR solutions, SimpliVity solutions and affordable MSA products.Expands HPEs position in the high-growth flash storage market, which was estimated to be approximately $15 billion in 2016 and nearly $20 billion by 2020, with the all-flash segment growing at a nearly 17 percent compound annual growth rate.The acquisition of Nimble strengthens HPEs leadership in Hybrid IT and: In addition to the purchase price, HPE assumed or paid out Nimbles unvested equity awards, with a value of approximately $200 million at closing.

HPE paid $12.50 per share in cash representing a net cash purchase price at closing of $1.0 billion. PALO ALTO, Calif., Ap(GLOBE NEWSWIRE) - Hewlett Packard Enterprise (NYSE:HPE) today announced that it has completed its acquisition of Nimble Storage, Inc., the San Jose, Calif.-based provider of predictive all-flash and hybrid-flash storage solutions.