Hewlett Packard Enterprise is purchasing the flash storage company for $12.50 a share or about $1 billion.
The deal represents about a 41% premium to Nimble's closing price on March 6, 2017.
This acquisition is exactly aligned with the strategy and capital allocation approach that is laid out.
The focus is on high-growth and higher-margin segments of the market.
HPE is the enterprise information company formed in 2015 after splitting off from the computer and printing company Hewlett-Packard, which renamed as HP Inc.
The deal is expected to close in April.
Nimble Storage is the San Jose, Calif.-based provider of predictive all-flash and hybrid-flash storage solutions.
Flash Storage: Know More- Flash storage is a fast-growing market and an increasingly important element of today's hybrid IT environment.
- The overall flash market was estimated to be approximately $15 billion in 2016.
- It is expected to be nearly $20 billion by 2020, with the all-flash segment growing at a nearly 17 percent compound annual growth rate 1.
Nimble: Know More
- Nimble was founded in 2007 and has approximately 1,300 employees worldwide.
- The company delivered revenue of $402 million in its most recent fiscal year, up 25 percent year over year.
- Nimble's strong application performance in its entry to midrange flash storage solutions is backed by an intelligent, predictive analytics engine that delivers a simplified customer experience.
