Hewlett Packard Enterprise Development LP

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Hewlett Packard Enterprise Development LP - overview

Established

2015

Location

Houston, TX, US

Primary Industry

IT Infrastructure

About

Hewlett Packard Enterprise (HPE) specializes in providing innovative IT solutions that empower organizations to optimize their hybrid cloud infrastructure, enhancing operational efficiency and data management. Founded in 2015, Hewlett Packard Enterprise Development LP is headquartered in Houston, US. The company was established by a diverse team of founders, including Alexander Zwicker, Amos Kunle, and Anurag Aggarwal. HPE operates as a leader in hybrid cloud and IT infrastructure services and has successfully completed 1 deal to date.


It does not have any known subsidiaries. Hewlett Packard Enterprise (HPE) offers a comprehensive portfolio of products and services designed to enable organizations to manage and optimize their IT infrastructure in a hybrid cloud environment. Core offerings include HPE GreenLake, a hybrid cloud solution that allows businesses to deploy and manage resources across both private and public cloud environments, ensuring data control and flexible service management. HPE’s product suite encompasses AI supercomputing, secure networking through HPE Aruba Networking, and advanced storage solutions such as HPE Alletra.


These technologies are utilized by a diverse client base ranging from government agencies to global retail enterprises, effectively addressing challenges in data integration, security, and operational efficiency. HPE's solutions are deployed across various geographical markets including North America, Europe, and Asia-Pacific, supporting customers in sectors such as healthcare, education, and finance. Hewlett Packard Enterprise generates revenue primarily through a subscription-based model associated with its HPE GreenLake services, where clients pay for cloud services based on their consumption. In the most recent year, 2024, HPE reported revenue of USD 30.


13 bn and an EBITDA of USD 4. 75 bn. Transactions typically involve B2B relationships, where enterprise clients engage in longer-term contracts for access to HPE’s products and services, including flagship offerings like HPE ProLiant compute servers and HPE Cray supercomputers. Clients leverage these advanced solutions for critical applications, enhancing their operational capabilities.


The company also generates revenue through direct sales of hardware and software, alongside support services that ensure optimal performance across their technology deployments. Elliott Management has acquired Hewlett Packard Enterprise Development LP, with financial terms undisclosed. This acquisition aims to support the company's growth, although specifics regarding new product launches or geographic expansions have not been detailed at this time. The strategic focus will likely enhance HPE's capabilities in the hybrid cloud market, aligning with their existing product offerings.


Current Investors

Elliott Management

Primary Industry

IT Infrastructure

Sub Industries

IT Infrastructure, Storage Management Software, Systems Management Software

Website

www.hpe.com

Verticals

Artificial Intelligence, Cloud Computing, Cloud Computing, Cloud Computing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Hewlett Packard Enterprise Development LP - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Corporate Carve OutCompletedHPE’s Telco Solutions business-
Add-on, Trade SaleCompletedStackRox, Inc.-
Trade SaleCompletedSGI-
BuyoutCompletedHewlett Packard Enterprise Development LP-

Displaying 1 - 4 of 4

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.