Hewlett Packard Enterprise Completes Acquisition of Zerto
HOUSTON – Sept. 1, 2021 – Hewlett Packard Enterprise (NYSE: HPE) today announced that it has completed the acquisition of Zerto, an industry leader in cloud data management and protection with a net cash purchase price at closing of $374 million. This acquisition immediately positions the HPE GreenLake edge-to-cloud platform in the high-growth data protection market with a proven solution and further propels HPE’s storage business into a cloud-native, software-defined data services business.
“Data is the most critical asset and is essential to operate in this new digital economy,” said Tom Black, Senior Vice President and General Manager of HPE Storage. “Our customers continue to face complexity in managing and protecting their data. Zerto’s best-in-class talent and technology expands HPE’s data management and disaster recovery capabilities, giving customers the ability to protect their data and recover in minutes from ransomware attacks. We are thrilled to welcome Zerto to the HPE family. Together, we will accelerate innovation and scale these offerings to help our customers manage and protect their data from edge to cloud.”
Zerto’s cloud data management and protection software will remain available as a standalone service and will be available as a service through the HPE GreenLake platform and the Data Services Cloud Console. Its journal-based continuous data protection technology includes disaster recovery, backup, and data mobility in a single, simple cloud data management and protection software solution that spans on-premises, hybrid, and multi-cloud environments.
Co-headquartered in Herzliya, Israel, and Boston, Zerto’s approximately 500 employees serve more than 9,000 customers, including enterprises and 350+ managed service providers. Together, HPE and Zerto are a powerful combination of technology, cloud operations, and go-to-market capabilities to simplify cloud data management and protection for customers’ edge-to-cloud strategy.
HPE acquired Zerto for $374 million in cash. The latest acquisition intended to accelerate HPE’s strategy and profitably drive higher levels of recurring revenue, the transaction is expected to contribute more than $130 million in run-rate revenue at software gross margins. Approximately one-third of the revenue is expected to contribute to HPE’s Annualized Revenue Run-Rate. The acquisition is also expected to be accretive to non-GAAP operating profit and earnings starting in FY 2023.
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Zerto’s Vision for Next-gen Applications
Zerto extends our enterprise-class VM and cloud platform to next generation applications. Next-gen, cloud-native applications typically include containerized, serverless PaaS, or SaaS technologies.
As more enterprises move to a DevOps model, the reliance on microservices—typically running in containers—requires continuous data protection as a starting point. Zerto’s industry-leading journaling technology provides that protection for Kubernetes as the de facto container orchestration technology, whether running on-premises or in the cloud.
Zerto for Kubernetes: Overview
The blistering pace at which businesses are adopting cloud-native architectures means new information is always coming to light.
It’s clear that containerized applications require disaster recovery, backup, and mobility—and selecting the right data protection solution makes a substantial difference in your organization’s agility. To provide both your IT/I&O and DevOps teams with the capabilities and outcomes they require to make the most out of your containerized applications and data, Zerto for Kubernetes offers:
Data Protection as Code
The native Zerto for Kubernetes solution drives a “data protection as code” strategy, integrating backup and disaster recovery operations into the application development lifecycle from day one. This means that applications are born protected.
Replication and Journaling Technology
Using Zerto for Kubernetes’s replication and journaling technology gives you the freedom to simply rewind to a previous checkpoint that’s only seconds in the past, delivering a low recovery point objective (RPO) and minimizing data loss.
Application-centric Protection and Mobility
True protection doesn’t just include persistent data. You must be able to protect, move, and recover a containerized application as one consistent entity, including all associated Kubernetes objects and metadata. Zerto for Kubernetes protects your applications’ persistent volumes as well as all of their associated Kubernetes entities, such as deployments, StatefulSets, secrets, ConfigMaps, and services.
No Vendor Lock-in
Zerto for Kubernetes is compatible with the leading Kubernetes platforms and in a hybrid model, allowing data to move to where each of your applications needs to run without locking you into a specific storage platform or cloud vendor.
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