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March 7, 2017

HPE Acquires Nimble Storage

George Leopold

(agsandrew/Shutterstock)

Hewlett Packard Enterprise continued its headlong push into the hybrid IT market with its second large acquisition of 2017: a $1 billion deal to acquire flash specialist Nimble Storage Inc. and its “predictive flash” capabilities.

The company (NYSE: HPE) announced Tuesday (March 7) it would pay $12.50 per share for Nimble common stock. Nimble Storage (NYSE: NMBL), San Jose, Calif., began trading publicly in December 2013. HPE also said it would assume or pay out Nimble’s unvested equity awards, values at about $200 million at closing.

HPE also said it would integrate Nimble Storage’s predictive analytics platform across its current storage offerings. That tool can be used to detect and resolve customer infrastructure issues.

Read the full story at sister web site EnterpriseTech.com.

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