HPE Might Buy Nutanix to Boost GreenLake

Hewlett Packard Enterprise (HPE) is potentially interested in taking over cloud computing/hyperconverged infrastructure company Nutanix. 

According to sources, HPE has held talks with Nutanix in recent months. The “talks between the companies have been on and off and it’s unclear whether they will be able to reach an agreement over price,” says Bloomberg. 

The Wall Street Journal said back in October that Nutanix was actively looking at potential buyers. At this point, Nutanix could decide to stay independent or go with another buyer. It is still too early to tell. 

Nutanix stock rose 4.3%, to $29.46, in trading on Thursday when the speculation rose, giving the company a market value of about $6.7 billion. By the closing bell on Friday, it was $30.53. HPE’s stock price has remained fairly constant over the past two days.

So, why the deal-seeking? What could HPE want with Nutanix? It could be the potential destination for the company’s virtualization and storage stack with HPE’s GreenLake XaaS platform.

Representatives for Hewlett Packard Enterprise and Nutanix have declined to comment.