ClalTech is set to exit the cloud infrastructure management software provider in an acquisition by HPE, which will integrate Zerto with its storage division.
Enterprise technology provider Hewlett Packard Enterprise (HPE) has deployed $374m in cash to acquire Zerto, a US-headquartered cloud management software developer backed by conglomerate Access Industries’ ClalTech subsidiary.
Founded in 2009, Zerto offers a software platform capable of providing data replication, data protection and high-growth disaster recovery, helping customers recover from ransomware and cyberattacks and bringing data back to its original state.
The company employs 500 staff and serves more than 9,000 customers, including 350 managed service providers. The acquisition…
