Zero helps customers accelerate their IT transformation by reducing the risks and complexity of upgrades and introducing cloud technologies. By replacing several legacy solutions with a single IT Resilience platform, Zero is changing how disaster recovery, data protection, and the cloud are managed. Enterprise-wide, the Zero software platform provides continuous customer service availability while simplifying workload mobility for protection, recovery, and free movement of applications across hybrid and multi-user clouds.
History
2021: HPE bought Zero for $374 million
At the end of June 2021, HPE announced the purchase of cloud data management and storage protection provider Zero for $374 million. The acquisition of HPE Zero is expected to add more than $130 million in revenue as HPE continues to move to cloud-based software-defined data services.
According to HPE President and CEO Antonio Neri, data is the most important asset at present.
 | With the rapid growth of data on peripheries hybrid and in environments, organizations today face significant challenges in managing and protecting their data. Zerto's market-leading cloud data management and protection software extends the capabilities of cloud data services, HPE GreenLake allowing customers to protect their data and quickly act on analytic data, from periphery to cloud, he added. |  |
Zerto's solutions, founded in 2009, will be available to consumers as part of the successful and ever-growing portfolio of HPE GreenLake cloud services. Zero has 500 employees by June 2021, the company serves more than 9,000 customers, including enterprises.
According to HPE, Zero helps customers recover in a matter of minutes from ransomware, cyber attacks and other unplanned outages. Zero also easily replicates and migrates data between VMware vSphere and Microsoft Hyper-V environments and to Amazon Web Services and Microsoft Azure.
HPE plans to complete the Zerto acquisition in the fourth quarter of FY2021 of the company.
IDC, an IT research company, predicts that the Data-Protection-as-a-Service market will grow from $7.7 billion in 2020 to $15.3 billion in 2024, which represents an annual growth of 19%, so customers' need to protect their data is becoming more urgent, said Tom Black, senior vice president and general manager of HPE Storage.[1]
Notes
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