HPE has reached an agreement to acquire Plexxi, a provider of software-defined data fabric networking technology.
According to Ric Lewis, SVP & GM Software-Defined And Cloud Group, HPE,
“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.”
The deal will be completed during HPE’s fiscal third quarter, which ends July 31, 2018.