Hewlett Packard Enterprise Co (NYSE: HPE) signed an agreement to clinch Zerto for $374 million. Following the takeover, Hewlett Packard expands its HPE GreenLake and shifts its storage to a software-defined data services business – Cloud Native.
Sees revenue run rate of $130 million
Zerto is a leading player in data management and protection in the cloud. Hewlett Packard expects to net revenue run rate of $130 million.
Hewlett Packard’s CEO, Antonio Neri, said data is a critical asset. In addition, several organizations worldwide are struggling to manage and protect their data because of the exponential growth of data across hybrid environments and at the edge. The leading cloud data protection and management of Zerto expands Hewlett Packard’s GreenLake Cloud data services. Therefore, it allows the customers to safeguard their vital data and take action on insights from the cloud to the edge.
Zerto’s journal-based CDP (continuous data protection) technology comprises data mobility, backup, and disaster recovery in a single and straightforward cloud management/ protection software solution. It spans hybrid, on-premises, and multi-cloud environments.
The demand for aaS is $15.3 billion
The demand for data protection as a service (aaS) would reach $15.3 billion in 2024 from $7.7 billion in 2020 by growing at a CAGR of 19%. Following the takeover, Hewlett Packard will offer Zerto as aaS through its Data Services Cloud Console and GreenLake Cloud Data Services.
Hewlett Packard’s SVP (Storage), Tom Black, said data is an essential factor behind the digital transformation. Therefore, customers must manage, mobilize, and protect their data.
Customers are facing issues in managing their data across multi-cloud and hybrid environments. Hewlett Packard would use the power of Zerto in addressing these challenges and establish itself as a leading player in data protection and management through its GreenLake Cloud Services.
Zerto helps to restore data after an attack
The customers can recover from cyber attacks, ransomware, and other unplanned downtimes in a matter of minutes with the help of Zerto. Moreover, they can quickly bring back their data to the original state just before the attack.
Zerto also supports easy migration of data between Microsoft Hyper-V and VMware vSphere environments.
The takeover of Zerto will help Hewlett Packard enhance its R&D talent and transition to become a leading provider of data protection and management services.