News

Nimble Storage Pens Deal to Merge with HPE

Nimble Storage Signs Agreement to Be Acquired by Hewlett Packard Enterprise Company, to accelerate the global adoption of Nimble Storage’s Innovative Predictive Analytics and leading next-generation flash storage platform

Suresh Vasudevan, CEO, Nimble Storage said, “Today is a significant milestone in our company history, as we have signed a definitive agreement to be acquired by Hewlett Packard Enterprise Company (“HPE”). When we were founded in 2007, our vision was that we could leverage flash and cloud-based predictive analytics to eliminate infrastructure constraints and accelerate applications.  We believed that we could build a thriving customer community through products that exceeded expectations, integrity in every customer interaction, and by delivering an unmatched support experience. Perhaps most significantly, our aspiration was to bring together an incredibly talented pool of people under one roof working collaboratively as a team to take on audacious goals.

As we look back, we are proud of our accomplishments.  We have built a customer base of 10,000 customers in under 7 years of shipping products.  “Six 9s” of measured availability and predictive support driven by InfoSight have resulted in an extremely happy customer base, as reflected by our Net Promoter Score (NPS) of 85.  Numerous industry awards reflect the long list of innovations and “industry firsts” as part of our Predictive Cloud Platform. We were named a Leader in Gartner’s Magic Quadrant for General Purpose Storage Arrays for the second consecutive year.

As proud as we are of what we have accomplished, we face a challenge of scale and significant exposure as a standalone storage company. Our aspiration has always been to be an innovation leader, and see our technology deployed in organizations around the globe.  But, as we weighed the opportunities and risks, we concluded that an acquisition makes sense at the right price with the right partner. We believe we’ve found both.

Through numerous discussions with HPE’s leadership, it became clear that HPE is a great partner. We believe that the combination of Nimble Storage and HPE creates an industry leader in the fast growing flash storage market, with predictive analytics providing an unmatched operational and support experience.

We are excited about extending the power of InfoSight beyond the Nimble Storage product line, to span the entire storage portfolio of the combined company.

With HPE’s massive scale and global distribution, we see an opportunity to increase our customer base by an order of magnitude within a few years. Our enterprise business outpaced our overall growth last year, driven by the superior value proposition of our platform.  With HPE’s large enterprise relationships, we anticipate further acceleration in this segment.

We have an exciting roadmap that goes well beyond flash arrays and our recently announced Nimble Cloud Volumes. The ability to invest behind that roadmap is significantly strengthened by HPE’s scale and financial strength.

Our reputation for support has been key to our success, and the combined company remains committed to that support experience. The expansion of InfoSight Predictive Analytics adoption, along with a maniacal focus on customer success, will preserve the current proactive support experience.

I would personally like to thank our more than 10,000 devoted customers, strategic alliance partners, and channel ecosystem partners – all of whom have rallied behind our technology and differentiated support experience.  As we look ahead, we are confident that by combining Nimble Storage’s technology leadership with HPE’s global distribution strength, strong brand, and enterprise relationships, we’re creating expansion opportunities for the combined company. We remain steadfastly focused on our mission of enabling applications to perform without disruption.”

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