Hewlett Packard announces Zerto acquisition and $2 billion NSA GreenLake contract

Hewlett Packard Enterprise (NYSE: HPE) has announced the acquisition of cloud data protection and management leader Zerto for a cash consideration of $374 million. This acquisition gives HPE's GreenLake edge-to-cloud platform a proven solution in the burgeoning data security industry. Further, it will propel HPE's storage operations into a software-defined, cloud-native data services enterprise.

HPE acquires Zerto for $374 million

SVP and General Manager HPE storage Tom Black said:

Black added:

Notably, Zerto's cloud data protection and management software will continue to be available as a stand-alone offering as well as via Data Services Cloud Console and HPE GreenLake platform.

The latest acquisition is expected to contribute more than $130 million in operations cash flow at software operating profit, expedite HPE's ambition, and profitably drive elevated amounts of recurring revenue. Starting in FY 2023, Zerto will be accretive to earnings and non-GAAP operating profit.

HPE awarded a $2 billion contract to collaborate with NSA

The company had also announced that that it has received a $2 billion ten year contract to be leveraged in partnership with the National Security Agency to offer HPE's high-performance computing tech as a service via the HPE GreenLake platform

HPE’s HPC and Mission Critical Solutions SVP and General Manager Justin Hotard said:

Thanks to the alliance, the NSA will be able to more efficiently harness rapidly rising data and AI needs to develop insights and analysis with optimal performance. Hotard added