U.S. software company HPE acquires IT company SimpliVity for $650 million

U.S.-based software company HPE has acquired U.S. information technologies (IT) and data management platform SimpliVity for $650 million in cash.

HPE said that the transaction expands its software-defined capability and fits squarely within its strategy to make Hybrid IT simple for customers.

HPE has mostly been in the news for selling off some of its business lately, for example, it sold most of its software unit in a deal worthed roughly $8.8 billion and also sold OpenStack and Cloud Foundry assets to SUSE.

In 2015, SimpliVity was valued at over $1 billion when it raised its Series D round. The company raised almost $276 million in four funding rounds led by the likes of Kleiner Perkins Caufield & Byers, Accel Partners, DFJ Growth, CRV and Waypoint Capital.