ArchiTECHt Daily: HPE's billion-dollar storage acquisition

The benefit of getting a super-late start on finalizing today's newsletter: actual news from today th
ARCHITECHT
ArchiTECHt Daily: HPE's billion-dollar storage acquisition
By ARCHITECHT • Issue #31 • View online
The benefit of getting a super-late start on finalizing today’s newsletter: actual news from today that I couldn’t pass up. While every other day this week will likely be dominated by Google, today it’s HPE buying Nimble Storage for $1 billion.
I don’t have a lot of time to dig into this, but the big draws for HPE appear to be that: 
  1. Nimble has a hybrid flash-disk system, which is good.
  2. Nimble allows for hybrid cloud storage options across data centers and the public cloud.
  3. HPE’s storage revenue has been falling, while Nimble (which just announced earnings today) is still growing.
Also, the price tag seems pretty small, considering that Nimble’s 2016 revenue was $403 million.  
I suggested last week that HPE should buy a container company (and I still think it should), but the Nimble acquisition was probably cheaper and offers more revenue right off the bat, so it looks like HPE got itself a good deal.It’s also more progressive than HPE’s legacy-centric $65o million acquisition of Simplivity in January.

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