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Sunday, April 2, 2017

Will Veeam complete a hat-trick of HPE acquisitions?

Hewlett Packard Enterprise ( #HPE ) is lining up its third major acquisition of the year, with backup and disaster recovery vendor #Veeam Software now on the tech giant’s radar. That’s according to sources close to The Register, which claims a move could be on the cards as HPE attempts to round off its buying blitz in 2017 by bolstering its backup capabilities. Should a deal go through however - for a speculated price of between US$1.5 billion - US$2 billion - Veeam would join #SimpliVity and #Nimble Storage in the HPE stable, following a busy three months of acquisition activity. After forking out US$650 million for privately held hyper-converged infrastructure provider, SimpliVity, in mid-January, the vendor followed up with a US$1 billion acquisition of Nimble Storage less than two months later, in an attempt to bulk up its storage offerings. For many, taking control of Veeam would provide the third and final piece of the puzzle for HPE, as it fights to maintain market relevance following the official creation of Dell Technologies in September 2016

http://www.arnnet.com.au/article/617020/will-veeam-complete-hat-trick-hpe-acquisitions/

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