HPE to acquire Zerto for US$374M
Hewlett Packard Enterprise is continuing to take HPE GreenLake to the next level with the deal Thursday to acquire cloud data management and storage protection specialist Zerto for US$374 million in cash. The news comes just two weeks after HPE unveiled its acquisition of artificial intelligence startup Determined AI. HPE’s acquisition of Zerto is expected to add more than US$130 million in run-rate revenue at software gross margins for the infrastructure and PC giant as HPE continues its storage shift to cloud-native, software-defined data services business. “Data is now the most critica...