HPE announces the completion of the acquisition of predictive all-flash and hybrid flash solution provider Nimble Storage, worth $1 billion in cash.
The deal expands HPE's position in the lucrative flash storage market, estimated by IDC to be worth $15bn in 2016 before growing to $20bn by 2020, with the all-flash segment growing at a CAGR of 17% over the forecast period. As a result, HPE plans to create a "comprehensive, leading-edge" storage portfolio combining Nimble predictive offerings for the entry to midrange segments, scalable midrange to high-end 3PAR solutions, SimpliVity solutions and affordable MSA products.
The acquisition also sees HPE return to public cloud storage, since Nimble runs Cloud Volumes in its own cloud.
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