M&A Deal Summary

Hewlett Packard Enterprise Acquires Determined AI

On June 21, 2021, Hewlett Packard Enterprise acquired information technology company Determined AI

Acquisition Highlights
  • This is Hewlett Packard Enterprise’s 4th transaction in the Information Technology sector.
  • This is Hewlett Packard Enterprise’s 11th transaction in the United States.
  • This is Hewlett Packard Enterprise’s 7th transaction in California.

M&A Deal Summary

Date 2021-06-21
Target Determined AI
Sector Information Technology
Buyer(s) Hewlett Packard Enterprise
Deal Type Add-on Acquisition

Target

Determined AI

San Francisco, California, United States
Determined AI is an early-stage company at the forefront of machine learning technology by helping customers reap the benefits of high-performance computing without the required expertise or staffing. Determined AI provides an open-source machine learning solution that speeds up time-to-market by increasing developer productivity, improving resource utilization, and reducing risk. Determined AI was founded in 2017 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Hewlett Packard Enterprise

Spring, Texas, United States

Category Company
Founded 1939
Sector Information Technology
Employees61,000
Revenue 30.1B USD (2024)
DESCRIPTION
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.
Entrance to a Hewlett Packard Enterprise office in Sunnyvale, California.

Hewlett Packard Enterprise (HPE) is a global enterprise information technology company that offers a variety of products, services, and solutions to businesses and organizations. Its portfolio includes cloud computing solutions, servers, storage, networking equipment, and a range of IT services aimed at helping customers optimize their IT operations, secure their operations, and accelerate digital transformation. HPE focuses on delivering solutions that enable businesses to improve their efficiency, scale their operations, and innovate in their respective markets. HPE was founded in 2015, as a result of the splitting of the original Hewlett-Packard Company into two separate companies, with HPE focusing on the enterprise technology infrastructure, software, and services segments. HPE was founded in 1939 and is headquartered in Spring, Texas.


DEAL STATS #
Overall 14 of 21
Sector: Information Technology M&A 4 of 6
Type: Add-on Acquisition M&A Deals 12 of 18
State: California M&A 7 of 10
Country: United States M&A 11 of 17
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Silver Peak Systems

Santa Clara, California, United States

Silver Peak helps enterprises and service providers flexibly and securely connect users to applications via the most cost-effective source of connectivity available. Silver Peak customers can quickly migrate to an enterprise-grade WAN that leverages the Internet (often referred to as SD-WAN), while dramatically improving application performance and lowering networking costs.

Buy $925M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Zerto

Boston, Massachusetts, United States

The Zerto platform, based on a foundation of continuous data protection (CDP) brings together disaster recovery and data protection into a single and simple cloud data management and protection solution across on-premises, hybrid, and multi-cloud environments. Zerto was founded in 2009 and is based in Boston, Massachusetts.

Buy $374M