Hewlett Packard Enterprise (HPE) says it came to an agreement with Nimble Storage to acquire it for approximately $1 billion in cash. HP Enterprise should assume, or pay out, Nimble’s unvested equity awards, with a value of $200m, at closing. According to Wall Street Journal, the deal has roughly a 41 percent premium to Nimble’s $700m market value. In the first nine months of last year, Nimble reported revenue of some $286 million, up roughly 23 percent compared to the year before. A partner to both HPE and Nimble, Veeam’s VP of Global Alliances, Andy Vandeveld, believes it’s a good deal for… [Continue Reading]
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