Quick Take
Hewlett Packard Enterprise (NYSE:HPE) has announced an agreement to acquire infrastructure provider SimpliVity for $650 million in an all-cash transaction.
SimpliVity provides a solution that combines storage, computing, and networking in a single server. The reasonably-priced deal is promising for both firms as it bolsters HPE's offerings to the middle market and will combine SimpliVity's software with HPE's ProLiant server line.
Target Company
Westborough, Mass.-based SimpliVity was founded in 2009 by CEO Doron Kempel to provide a range of enterprise computing, networking, and storage capabilities.
