#Nimble Storage acquisition valued at $1 billion In April 2017, Hewlett Packard Enterprise ( #HPE ) announced that the firm had completed the Nimble Storage (NMBL) acquisition. According to the terms of the deal, HPE paid $12.5 per share in cash, valuing the acquisition at $1 billion. In addition, HPE also paid Nimble’s unvested equity awards worth $200 million. This acquisition might be highly beneficial to HPE as the flash storage market is projected to reach $20 billion in 2020 from $15 billion (according to IDC) at the end of 2016, growing at a CAGR (compound annual growth rate) of almost 17%. As per Nimble Storage’s press release, this acquisition “Creates a comprehensive, leading-edge storage portfolio by bringing together Nimble’s predictive flash offerings for the entry to midrange segments with HPE’s scalable midrange to high-end #3PAR solutions, #SimpliVity solutions and affordable MSA products.”
http://marketrealist.com/2017/05/how-hpe-is-aiming-to-grow-through-acquisitions/
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