HPE is acquiring IT resilience specialist Zerto for $ 374 million in cash, providing internal disaster recovery and general backup products, including cloud-native app protection.
Certo was founded in 2009 by CEO Ziv Kedem and CTO Oded Kedem. It has posted a total of $ 162 million in VC funding in five rounds, as well as a $ 20 million loan financing facility. It claims more than 9,000 customers, including more than 350 managed service providers.
Antonio Neri, President and CEO of HPE, said in a prepared quote: “Zerto’s market-leading cloud data management and protection software extends HPE GreenLake’s cloud data services, enabling customers to protect their data and react quickly to insights. from edge to cloud. “
Ziv Kedem wrote on a blog, “We see this as a strategic move for the storage industry – and as a real recognition of the importance of our cloud data management and protection technology … This acquisition expands and accelerates HPE GreenLake …