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HPE boosts GreenLake capabilities with $374M Zerto acquisition
HPE anticipates that the addition of Zerto will significantly accelerate its transformation to become a leading data management and protection provider.
Antonio Neri (HPE) Credit: HPE
Hewlett Packard Enterprise (HPE) has struck a deal worth US$374 million to acquire cloud data management and protection solutions vendor Zerto, a move the company claims will expand its GreenLake offering.
Founded in 2009 and co-headquartered in Herzliya, Israel, and Boston, United States, Zerto’s approximately 500 employees serve more than 9,000 customers, including enterprises and 350 managed service providers (MSPs).
Hewlett Packard Enterprise is continuing to take HPE GreenLake to the next level with the deal Thursday to acquire cloud data management and storage protection specialist Zerto for US$374 million in cash. The news comes just two weeks after HPE unveiled its acquisition of artificial intelligence startup Determined AI.
HPE’s acquisition of Zerto is expected to add more than US$130 million in run-rate revenue at software gross margins for the infrastructure and PC giant as HPE continues its storage shift to cloud-native, software-defined data services business.
“Data is now the most critical asset,” said HPE President and CEO Antonio Neri. “With the explosive growth of data at the edge and across hybrid environments, organizations today face significant complexity in managing and protecting their data. Zerto’s market-leading cloud data management and protection software expands HPE GreenLake cloud data services, allowing customers to protect their data and rapidly act on in
HPE Acquires Zerto For $374 Million
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