Factor serves over 50 of the Fortune 500 / FTSE 100. Nimble Storage VP of Engineering and Co-Founder Varun Mehta walks you. Varun Mehta is the CEO of Factor, a leader in next-generation solutions for complex legal work at scale. Nimble's chief executive and co-founder Varun Mehta, who holds around 8 per cent stake in the company, is set to make more than $87 million from the sale, while Umesh Maheshwari, holding around 5.5 per cent stake, will get more than $60 million from the acquisition. HPE Nimble Storage HF20/40 to HF60 Adaptive Array Dual Controller - storage.
#Varun mehta nimble storage full#
This deal will enable HPE to deliver a full range of superior flash storage solutions for customers across every segment. Nimble's predictive flash offerings for the entry to midrange segments are complementary to HPE's scalable midrange to high-end 3PAR solutions and affordable MSA products. It employs over 2,000 people and has annual revenues of $402 million.įlash storage is a fast-growing market and the overall flash market was estimated to be approximately $15 billion in 2016 and is expected to be nearly $20 billion by 2020, with the all-flash segment growing at a nearly 17 per cent compound annual growth rate. Varun Mehta, the Vice President Product Operations and Director of Nimble Storage Inc, made 791783 in total compensation during 2016, according to salary. What is Varun Mehtas Past Insider Trading Varun Mehtas largest sale order was 423,078 units. Nimble Storage co-founder Varun Mehta believes that an 'intense pressure' for Dell-EMC sales reps to sell Dell servers over Cisco UCS will open the door for Nimble to be tied into more Cisco sales. The company has over an estmated 10,000 customers. In the last 2 years at Nimble Storage Inc, Varun Mehta has sold an estimated value of 95.35M worth. At VMworld, Nimble cofounder Varun Mehta discusses Foundations for the Adaptable Data Center. Singh and Suresh Vasudevan Correspondence: Regarding availability for oral argument. The California-based company had raised funds from investors like Accel Partners, Lightspeed Venture Partners, Sequoia Capital, Artis Capital Management and GGV Capital, went public in 2013. Filed (ECF) Appellees Daniel Leary, Varun Mehta, Nimble Storage, Inc., Anup V.
#Varun mehta nimble storage software#
Nimble stockholders holding around 21 per cent stake, have agreed to tender their shares to the offer.įounded in 2007 by Indian immigrants, Varun Mehta and Umesh Maheshwari, Nimble Storage is a predictive flash storage technology company which produces hardware and software products for data storage, specifically data storage arrays that use the iSCSI and Fibre Channel protocols and includes data backup and data protection features. In the beginning, it was only 100 employees and using its values that were accountability. Founded by Varun Mehta and Umesh Maheshwari in 2008, it began to grow in workforce and also in its products. In addition to the purchase price, HPE will assume or pay out Nimble's unvested equity awards, with a value of approximately $200 million at closing. View nimble storage m1.docx from HR OL 688 at Southern New Hampshire University. Under the terms of the deal, HPE is paying $12.50 a share, a 41 per cent premium to Nimble's Monday closing price. Hewlett Packard Enterprise Co (HPE) yesterday struck a deal to buy data storage provider Nimble Storage Inc for $1 billion in cash, in order to expand its presence in the high-growth and higher-margin flash storage market. Varun Mehta is a technology entrepreneur, strategic business leader, and current vice president of product strategy at Hewlett Packard Enterprise, Inc. The report further notes foreign-born and native-born talent creates a win-win situation that creates jobs and important innovations in America.Īs per the report, immigrant founders have created an average of 150 jobs per company in the United States.Hewlett Packard Enterprise to buy data storage provider Nimble Storage for $1 bn
Other founders and co-founders were born in Italy, South Africa, Greece, Norway, Germany, the UK, Singapore, Switzerland and France.
Before joining Hewlett Packard Enterprise, Varun was a co-founder and the CEO at Nimble Storage, Inc., which was purchased by Hewlett Packard Enterprise in March 2017.
The research by USNFAP, a non-profit, public policy research organisation, finds that 48 per cent, or 24 out of 50, of the US' top venture-funded companies had at least one immigrant founder and the most common country of origin for these immigrant founders was India, followed by Israel, Canada, Iran and New Zealand. Varun Mehta is a technology entrepreneur, strategic business leader, and current vice president of product strategy at Hewlett Packard Enterprise, Inc. Nearly half of America's top 50 venture-funded companies were started by immigrants and the most common country of origin for these founders was India, reveals a study by US National Foundation for American Policy.
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