Hewlett Packard Enterprise is acquiring cloud data management and protection firm Zerto.
The deal, which is valued at $374 million, will expand HPE GreenLake’s capability and will 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.”
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Founded in 2009, Zerto is well-known for its 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 $7.7 billion in 2020 to $15.3 billion in 2024, representing a 19% CAGR. Zerto will be available aaS through HPE GreenLake and Data Services Cloud Console.
“With data underpinning digital transformation, customers must manage, protect, and mobilise their data,” said Tom Black, Senior Vice President and General Manager of HPE Storage. “Customers continue to face significant issues managing data complexity across hybrid and multi-cloud environments. Zerto further positions HPE to help solve these customer challenges and become the leader in data management and protection through HPE GreenLake cloud services.”
Zerto’s solution easily replicates and migrates data between VMware vSphere and Microsoft Hyper-V environments and natively to Amazon Web Services and Microsoft Azure.
According to HPE, the addition of Zerto will significantly accelerate its R&D talent roadmap and transformation to become a leading data management and protection provider to customers.
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“The HPE GreenLake edge-to-cloud strategy and strong leadership is a perfect match for Zerto,” said Ziv Kedem, CEO, Zerto. “Coupling Zerto’s industry-leading cloud data management and protection software platform with HPE’s cloud data services and go-to-market reach will offer an unparalleled experience for our collective customers and partners.”
