Hewlett Packard Enterprise (HPE) announced that it has entered into a definitive agreement to acquire Zerto in a transaction valued at $374 million. This acquisition expands HPE GreenLake and continues to deliver on HPE Storage’s shift to a cloud-native, software-defined data services business.
“Data is now the most critical asset,” said Antonio Neri, President and CEO, HPE. “With the explosive growth of data at the edge and across hybrid environments, organizations today face significant complexity in managing and protecting their data. Zerto’s market-leading cloud data management and protection software expands HPE GreenLake cloud data services, allowing customers to protect their data and rapidly act on insights, from edge to cloud.”
Zerto’s journal-based continuous data protection (CDP) 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. The data protection as a service (aaS) market will grow from $7.7B in 2020 to $15.3B in 2024, representing a 19% CAGR. Zerto will be available through aaS HPE GreenLake and Data Services Cloud Console.
Read the full announcement here.
