Hewlett Packard Enterprise shocked the channel this week when it said it will acquire hyper-converged hotshot SimpliVity for $650 million.
HPE partners said the acquisition will reshape the hyper-convergence landscape, and up the ante in HPE’s competition with rival Cisco.
With SimpliVity’s software-defined data management platform, HPE said it will deliver the only “built-for-enterprise” hyper-converged offering in the industry.
The deal is expected to close in Q2 of HPE’s fiscal year 2017.
This week Avaya confirmed it has filed for Chapter 11 bankruptcy in an effort to reduce its $6 billion in debt.
The company needs to raise $600 million for a debt maturity in October 2017.
With financing underwritten by Citibank and Avaya’s cash from operations, the company should be able to continue its business operations while it addresses its capital structure, executives said.
