HPE Acquires Zerto for $374 Million to Boost Greenlake, Storage

Hewlett Packard Enterprise has entered into a definitive agreement to acquire Zerto, a cloud data management and protection company, 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 will be placed into the HPE Storage business unit, reporting to Tom Black, Senior Vice President and General Manager. HPE is touting the purchase as an extension of its HPE Greenlake edge-to-cloud strategy, and its “shift to a cloud-native, software-defined data services business.

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 percent CAGR.  Zerto will be available aaS through HPE GreenLake and Data Services Cloud Console.

Zerto helps customers recover in minutes from ransomware, cyberattacks, and other unplanned downtime bringing data back to its original state just seconds before the attack or disruption. Zerto also easily replicates and migrates data between VMware vSphere and Microsoft Hyper-V environments and natively to Amazon Web Services and Microsoft Azure.