SimpliVity, a provider of enterprise IT infrastructure products, has agreed to be acquired by Hewlett Packard Enterprise (NYSE: HPE) for $650 million in cash—a deal expected to close by April. HPE intends to offer SimpliVity Omni Stack software qualified for its ProLiant DL380 servers and a range of integrated HPE SimpliVity hyperconverged systems by the end of the year.
SimpliVity
While certainly a hefty price tag, the figure is noticeably lower than the $1.16 billion valuation SimpliVity garnered with a $175 million Series D in March 2015. Still, the purchase price is approximately 2.3x the total amount of funding the company has raised since its 2009 founding—which will undoubtedly make for a few happy investors. Accel and Charles River Ventures, for example, are both early backers and will likely see solid returns from the sale.
Here’s a look at SimpliVity’s financing history leading up to the sale, along with associated valuations:
- October 2009: $1.5M round | $2M valuation
- September 2010: $9.2M | $16.5M
- August 2012: $7M | $24.5M
- September 2012: $25M | $106.5M
- November 2013: $58M | $371.3M
- March 2015: $175M | $1.16B
Article by PitchBook
