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.
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