Hewlett Packard Enterprise (NYSE: HPE) is to acquire Zerto, a Herzliya, Israel, and Boston, MA-based provider cloud data management and protection solutions, for $374m.
This acquisition expands HPE GreenLake and continues to deliver on HPE Storage’s shift to a cloud-native, software-defined data services business. Zerto will be available aaS through HPE GreenLake and Data Services Cloud Console Share.
Founded in 2009 and led by Ziv Kedem, CEO, Zerto provides journal-based continuous data protection (CDP) technology that includes disaster recovery, backup, and data mobility in a single, simple cloud data management and protection software solution that spans on-premises, hybrid, and multi-cloud environments. The company helps customers recover in minutes from ransomware, cyberattacks, and other unplanned downtime bringing data back to its original state just seconds before the attack or disruption. Zerto also replicates and migrates data between VMware vSphere and Microsoft Hyper-V environments and natively to Amazon Web Services and Microsoft Azure.
Zerto’s management team is joining the HPE family following the close of the transaction, which is expected to occur in the fourth quarter of HPE’s fiscal year 2021, subject to regulatory approvals and other customary closing conditions. After the transaction closes, Zerto will be organized under HPE Storage, reporting to Tom Black, Senior Vice President and General Manager.
FinSMEs
10/07/2021