In this article
- Plexxi is a leading provider of software-defined data fabric networking technology
- The acquisition is expected to close in HPE’s third fiscal quarter, which ends July 31, 2018
Our customers live in a hybrid world, running a mix of workloads on traditional IT, as well as private, managed and public clouds. They need to be able to move at cloud-like speed, regardless of where the data lives. HPE is focused on delivering a portfolio of products and services that simplify hybrid IT, helping customers to move faster and to drive business value.
Today, I’m thrilled to announce that we are taking another important step to deliver on this promise of simplification and speed: we’ve reached an agreement to acquire Plexxi, a leading provider of software-defined data fabric networking technology. The company was founded in 2010 and is focused on enabling data center modernization and hybrid cloud with its software-defined data fabric.
Plexxi’s technology will extend HPE’s market-leading software-defined compute and storage capabilities into the high-growth, software-defined networking market, expanding our addressable market and strengthening our offerings for customers and partners. By seamlessly combining Plexxi’s next-generation data center fabric with HPE’s existing software-defined infrastructure, HPE can deliver a true cloud-like experience in the data center. Through this acquisition, we will deliver hyperconverged and composable solutions with a next-generation data network fabric that can automatically create or re-balance bandwidth to workload needs. This will increase agility and efficiency, and accelerate how quickly companies deploy applications and draw business value from their data.
We see two clear opportunities to integrate Plexxi’s innovative technology:
First, we intend to integrate Plexxi technology into our hyperconverged solutions. Building on last year’s SimpliVity acquisition, Plexxi will enable us to deliver the industry’s only hyperconverged offering that incorporates compute, storage and data fabric networking into a single solution, with a single management interface and support. The combined HPE SimpliVity plus Plexxi solution will provide customers with a highly dynamic workload-based model to better align IT resources to business priorities. HPE’s hyperconverged business has been growing at four times the market and HPE was recently named a leader in the Gartner Magic Quadrant for hyperconverged. With Plexxi, we’ll be able to extend this lead over the competition.
Second, Plexxi’s technology will extend our composable infrastructure portfolio, called HPE Synergy. Composable infrastructure, built on HPE OneView, is a new category of infrastructure that delivers fluid pools of storage and compute resources that can be composed and recomposed as business needs dictate. In the near future with Plexxi, we will deliver a composable rack solution that will seamlessly extend our composable fabric to a broader set of use cases across the data center. HPE is the pioneer and leader in the composable category, with over 1,400 customers today, and we are confident that Plexxi will accelerate our momentum in private cloud.
Overall, I look forward to welcoming the Plexxi team to HPE and am excited about what’s ahead. We expect to close the deal during HPE’s fiscal third quarter, which ends July 31, 2018. Together, we will be even better positioned to help our customers simplify hybrid IT and drive business outcomes.