Tech Company M&A Transactions
Nimble Storage Acquisition
Nimble Storage, operating out of San Jose, was acquired by Hewlett Packard Enterprise. Financial terms set the valuation at $1.2 billion.
Transaction Overview
Company Name
Acquired By
Announced On
3/7/2017
Transaction Type
M&A
Amount
$1,200,000,000
M&A Terms
HPE will pay $12.50 per share in cash, representing a net cash purchase price at closing of $1.0 billion. In addition to the purchase price, HPE will assume or pay out Nimble's unvested equity awards, with a value of approximately $200 million at closing.
Company Information
Company Status
Acquired or Merged
Industry
Storage
Mailing Address
211 River Oaks Parkway
San Jose, CA 95134
USA
San Jose, CA 95134
USA
Phone
Website
Email Address
Overview
Nimble Storage (NYSE: NMBL) has developed the first converged storage and backup solution that significantly reduces the cost and complexity of storing, accessing, and protecting data for enterprises.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Suresh Vasudevan
Chief Financial Officer
Anup Singh
Chief Technical Officer
Umesh Maheshwari
VP - Engineering
Varun Mehta
VP - General Counsel
Aparna Bawa
VP - Human Resources
Paul Whitney
VP - Marketing
Dan Leary
VP - Operations
Stacey Cornelius
VP - Product Management
Ajay Singh
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Our team works diligently to report on every notable VC transaction. VC investment data records on this site come from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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