Hewlett Packard Enterprise Co. said Tuesday it would acquire data-storage startup SimpliVity Corp. for $650 million in cash, a steep discount to the startup’s most recent $1 billion valuation. SimpliVity, founded in 2009, combines storage, computing and networking in the same box, essentially a server. This category of hardware, known as hyperconverged systems, is a fast-growing segment of an otherwise declining world-wide server...

Source: Wall Street Journal January 18, 2017 00:17 UTC