Hewlett Packard Enterprise, the global IT firm has announced that it is acquiring Nimble Storage, the San Jose-based provider of predictive all-flash and hybrid-flash storage solutions.
HPE will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. In addition to the purchase price, HPE will pay out Nimble’s unvested equity awards, with a value of approximately $200 million at closing.
Meg Whitman, CEO, HPE said:
Nimble Storage’s portfolio complements and strengthens our current 3PAR products in the high-growth flash storage market and will help us deliver on our vision of making Hybrid IT simple for our customers.
This acquisition is exactly aligned with the strategy and capital allocation approach we’ve laid out.
HPE says that Nimble’s predictive flash offerings are complementary to HPE’s 3PAR solutions. The company also claims that the deal will enable HPE to deliver a full range of superior flash storage solutions for customers across every segment.