Zerto was founded in 2009 and had headquarters in Herzliya, Israel, and Boston. It has more than 9,000 customers, including enterprises and 350 managed service providers. After the deal closes, Zerto’s management team will join HPE’s Storage business and report to Tom Black, HPE SVP and GM. “With the explosive growth of data at the edge and across hybrid environments, organizations today face significant complexity in managing and protecting their data,” HPE CEO Antonio Neri said in a statement. “Zerto’s market-leading cloud data management and protection software expands HPE GreenLake cloud data services, allowing customers to protect their data and rapidly act on insights, from edge to cloud.” The deal is expected to close in the fourth quarter of HPE’s FY 2021. It is expected to contribute more than $130 million in run-rate revenue at software gross margins.
