Hewlett Packard Enterprise (HPE) has entered a deal to acquire Zerto and add it to its GreenLake family of cloud services offerings.
HPE will acquire the cloud data protection and Disaster Recovery (DR) vendor for US$374 million cash, pending regulatory approval. After the transaction, Zerto will become part of HPE’s Storage business unit. The deal is expected to close within the next two months.
Zerto’s journal-based continuous data protection (CDP) technology will add DR, backup and data migration capabilities to the GreenLake portfolio. After the sale, HPE will make Zerto available as a service on GreenLake and Data Services Cloud Console.
Existing Zerto customers should see no disruption from the acquisition and will benefit from having the backing and support of a much larger corporation, said Tom Black, Senior Vice President and General Manager, Storage Business Unit, HPE. Many aspects of Zerto will be preserved, such as its core journaling technology, and CEO Ziv Kedem and CTO Oded Kedem, who are brothers, will continue to have leadership positions after the deal is finalised.
“When we acquire companies, we don’t dissolve and disband them. Zerto customers will see increased momentum around roadmap and around go-to-market,” Black said.
Black said the most noticeable change for Zerto customers will be control management integration with HPE, but that is still under development, Black added.Click below to share this article