Hewlett Packard acquires Nimble

San Jose based Company Nimble storage has been snapped up by Hewlett Packard Enterprise or $1.09 Billion, making it the latest acquisition of an Indian Tech company by a global giant. NASDAQ listed Nimble Storage builds flash-based storage products and competes with the likes of NetApp and EMC.

California based HPE is the world’s second largest provider of external enterprise storage, with revenue of $656.5 Billion in the fourth quarter of 2016, according to analyst firm IDC. Earlier this year, it acquired hyper converged solution provider SimpliVity, Cloud Cruiser, a consumption based infrastructure analytics and security analytics vendor Niara.

The Nimble Storage deal underlines foreign entities growing interest in technology companies set up by Indians. Over the past six months, the likes of Apple, Nutanix, Intel and Cisco have shopped around for companies with Indian Origin, especially in areas of artificial Intelligence, cloud infrastructure and automation. Cisco recently snapped by AppDynamics, which helps companies monitor application performance for $3.7 Billion.

HPE said the acquisition will give it a full range of flash storage systems for SMB to large enterprise clients and help it better compete in the fast growing all flash storage market. 

Blackstone to acquire Mphasis

Private Equity player Blackstone has entered into a definitive agreement with Hewlett Packard Enterprise to buy a majority stake in Mphasis. This deal represents the largest acquisition by Blackstone in India. Based on the open offer subscription, the purchase price consideration will vary between Rs 5466 crore and Rs 7071 crore.

HPE also signed a master services agreement with Mphasis, committing business of $990 Million over a period of five years. The Duration of MSA is five years with three automatic renewals of two years each. Also, Mphasis will be included in HPE’s Preferred Provider Program, opening up significant additional revenue opportunities. HPE currently owns 60.5% of Mphasis. Blackstone will pay a purchase price of Rs 430 per share to HPE.

Mphasis has strong domain expertise in banking, financial services, and insurance vertical. Its deep relationship with marquee global consumers has enabled it to deliver growth above the industry average in its direct international segment. The company has an experienced management team who has a clear road map for company growth. With a long term commitment of company largest customer, HPE are confident that Mphasis will scale new heights.

Hewlett Packard acquires Aruba Networks

Hewlett Packard Company is an American Multinational Information Technology corporation. It provides software, hardware, and services to consumers, small and medium sized business and large enterprises, including customers in the government, health, and education sectors. Aruba Networks is a networking vendor selling enterprise wireless LAN and edge access networking equipment. Their core products are access points, mobility controllers, and network management software through their Airwave Management platform product.

Recently, HP acquired Aruba Networks in a deal valued at $2.7 Billion. The deal will expand HP presence in the mobile market, supporting faster speeds and access to cloud applications. Each company’s board of directors has approved the deal. HP has had a dismal record for big acquisitions, having written off multibillion dollar acquisitions of Autonomy and technology outsourcing provider EDS, which it bought in 2008.

HP, which has struggled to adapt to the new era of mobile and online computing, plans to shift into two listed companies this year, separating its computer and printer businesses from its corporate hardware and services operations. Aruba Networks was founded in 2002 and makes the hardware and software used to build Wi-Fi networks for customers. It currently maintains around 1,800 employees and saw revenues of $729 Million in fiscal 2014.

Aruba clients include KFC, University of Miami/University of Miami Health System, and Emirates Palace Hotel in Abu Dhabi. Aruba has offices throughout the Americas, Asia-Pacific/Japan and the Europe/Middle East/Africa Regions. The company raised its last series D round back in 2006 from investors such as ARTIS ventures, Trinity Ventures, Sequoia Capital, Matrix Partners, and Focus Ventures.