HPE gobbles Nimble Storage for $1.2bn

Flash array maker to give infrastructure biz a shot in the arm

Not content with buying SimpliVity, HPE has signed a "definitive" agreement to gobble Nimble Storage for $1.2bn.

Nimble makes all-flash and hybrid arrays with six "nines" availability, that are monitored and managed with cloud-based analytics. HPE claimed these fit well with its 3PAR high-end systems and low-end MSA storage.

Meg Whitman, HPE CEO and President, claimed in a canned statement:

“Nimble’s storage portfolio complements and strengthens our current 3PAR products in the high-growth flash market and will help us deliver on our vision of making Hybrid IT simple for our customers.”

Suresh Vasudevan, Nimble CEO, said in a letter to customers that the firm will lean on HPE's global logistics network, brand and existing enterprise relationships to boost business.

Nimble claimed to have 700 all-flash array customers globally; reported compound annual growth rates of 65 per cent since floating in 2013; and a hallowed "leadership" berth in Gartner's Magic Quadrant for general purpose storage arrays.

HPE is coughing $1bn in cash for Nimble shares at $12.50 a pop and assuming responsibility for paying out Nimble’s unvested equity awards totalling $200m.

Yesterday, Nimble was capitalised at $731.86m with the shares valued at $8.60, so HPE is paying a significant premium.

Nimble turned over $402.6m in fiscal '17 ended 31 January, this was up 25 per cent year-on-year. And it reported a net loss of $158.3m compared to $120.1m in the prior year.

In HPE's fiscal '16 results, the storage division sold $3.06bn worth of kit, down four per cent year-on-year. In the latest quarterly results (Q1), revenues in the storage unit were $730m, down from $827m. ®

Similar topics

Other stories you might like

  • It's the flu season – FluBot, that is: Surge of info-stealing Android malware detected

    And a bunch of bank-account-raiding trojans also identified

    FluBot, a family of Android malware, is circulating again via SMS messaging, according to authorities in Finland.

    The Nordic country's National Cyber Security Center (NCSC-FI) lately warned that scam messages written in Finnish are being sent in the hope that recipients will click the included link to a website that requests permission to install an application that's malicious.

    "The messages are written in Finnish," the NCSC-FI explained. "They are written without Scandinavian letters (å, ä and ö) and include, for example, the characters +, /, &, % and @ in illogical places in the text to make it more difficult for telecommunications operators to filter the messages. The theme of the text may be that the recipient has received a voicemail message or a message from their mobile operator."

    Continue reading
  • AsmREPL: Wing your way through x86-64 assembly language

    Assemblers unite

    Ruby developer and internet japester Aaron Patterson has published a REPL for 64-bit x86 assembly language, enabling interactive coding in the lowest-level language of all.

    REPL stands for "read-evaluate-print loop", and REPLs were first seen in Lisp development environments such as Lisp Machines. They allow incremental development: programmers can write code on the fly, entering expressions or blocks of code, having them evaluated – executed – immediately, and the results printed out. This was viable because of the way Lisp blurred the lines between interpreted and compiled languages; these days, they're a standard feature of most scripting languages.

    Patterson has previously offered ground-breaking developer productivity enhancements such as an analogue terminal bell and performance-enhancing firmware for the Stack Overflow keyboard. This only has Ctrl, C, and V keys for extra-easy copy-pasting, but Patterson's firmware removes the tedious need to hold control.

    Continue reading
  • Microsoft adds Buy Now, Pay Later financing option to Edge – and everyone hates it

    There's always Use Another Browser

    As the festive season approaches, Microsoft has decided to add "Buy Now, Pay Later" financing options to its Edge browser in the US.

    The feature turned up in recent weeks, first in beta and canary before it was made available "by default" to all users of Microsoft Edge version 96.

    The Buy Now Pay Later (BNPL) option pops up at the browser level (rather than on checkout at an ecommerce site) and permits users to split any purchase between $35 and $1,000 made via Edge into four instalments spread over six weeks.

    Continue reading

Biting the hand that feeds IT © 1998–2021