Hewlett Packard Enterprise (HPE) has agreed to acquire Morpheus Data, a US-based company that specialises in software for hybrid cloud management and platform operations. The financial terms of the deal were not disclosed.
Through the acquisition of Morpheus Data, the edge-to-cloud company aims to streamline IT complexity by expanding the hybrid operations capabilities available through the HPE GreenLake cloud.
By integrating Morpheus Data’s FinOps capabilities with its own multi-vendor, multi-cloud IT data, HPE intends to enable customers to better understand their cloud spending, enforce usage controls and optimise workloads to reduce costs.
The move will allow HPE GreenLake customers to seamlessly provision and manage a wide range of workloads across traditional and modern cloud environments, including brownfield private and public infrastructure.
HPE acquisition to shore up AI credentials
Originating within private equity firm Bertram Capital, Morpheus Data empowers customers to orchestrate and automate the entire lifecycle management of applications across hybrid environments.
The company is expected to bolster HPE GreenLake by providing multi-vendor, multi-cloud application provisioning, orchestration and automation, along with FinOps offerings for cloud cost optimisation.
Morpheus Data will also complement artificial intelligence (AI)-driven observability from HPE’s acquisition of IT operations management (ITOM) company OpsRamp in 2023.
The ITOM company examines, observes, automates, and manages IT infrastructure, cloud resources, workloads as well as applications for hybrid and multi-cloud environments, including the leading hyperscalers.
Morpheus Data will also add to HPE GreenLake’s transformation into a future-proof platform for managing virtualised, cloud-native, and AI workloads.
Together, the capabilities are expected to position HPE as the first vendor to offer a full portfolio of enterprise-grade capabilities and services across the hybrid cloud stack.
Morpheus Data co-founder and CEO Brian Wheeler said: “This acquisition is the result of a long-term relationship between HPE and Morpheus Data that has already proven successful with customers.
“Together we will be able to help more customers transform their multicloud, multi-vendor IT estates to thrive and innovate in this increasingly complex and fragmented IT landscape.”
HPE said that the integration of complete hybrid capabilities on a single platform is essential as enterprises are struggling with IT estates that are more heterogeneous and complex to manage.
Furthermore, the acquisition of Morpheus Data is projected to extend HPE’s presence in the intelligent cloud operations market which is expected to hit $36bn by 2027, said the edge-to-cloud company.
HPE chief technology officer and hybrid cloud executive vice president and general manager Fidelma Russo said: “With the acquisition of Morpheus Data, we will take the next major leap to make HPE GreenLake cloud the de facto platform for innovating across hybrid IT.”
Following the completion of the transaction, Morpheus Data’s technology will be integrated with HPE GreenLake cloud and HPE’s private cloud portfolio. It will be offered as standalone software.
Subject to customary conditions, the transaction is anticipated to be completed early in the fourth quarter of the HPE’s 2024 fiscal year.
It remains to be seen whether the takeover will pass regulatory muster. Last week, the UK Competition and Markets Authority (CMA) approved HPE’s $14bn acquisition of AI-native networks developer Juniper Networks.
The HPE and Juniper Network merger will advance the former’s portfolio mix shift toward higher-growth solutions and bolster its high-margin networking business.
Read more: HPE latest victim of state-sponsored Russian hacking spree
