iTWire - HPE Aruba to acquire Juniper Networks
source link: https://itwire.com/it-industry-news/listed-tech/hpe-aruba-to-acquire-juniper-networks.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Hewlett Packard Enterprise (HPE / HPE Aruba) and Juniper Networks have announced a definitive agreement under which HPE will acquire Juniper in an all-cash transaction for $US 40 per share, representing an equity valuation of approximately $US 14 billion. HPE says the acquisition will accelerate its AI-driven innovation.
HPE Aruba says combining its portfolio with Juniper's will advance the shift towards higher-growth solutions and strengthen its high-margin networking business. The result will accelerate HPE's sustainable profitable growth strategy, and the transaction is expected to be accretive to non-GAAP EPS and free cash flow in the first year post-close.
In practical terms, the acquisition will double the size of HPE Aruba's networking business and create a new networking leader with a comprehensive portfolio that presents customers and partners with a compelling new choice to drive business value.
In addition, the explosion of AI and hybrid cloud-driven business is accelerating demand for secure, unified technology solutions that connect, protect, and analyse companies' data from edge to cloud. HPE believes these trends, and AI specifically, will continue to be the most disruptive workloads for companies and thus has been aligning its portfolio to capitalise on these substantial IT trends that have networking as a critical connective component.
The combination of HPE Aruba and Juniper portfolios will boost HPE's edge-to-cloud strategy and enable it to lead in an AI-native environment, based on a foundational cloud-native architecture. The acquisition will provide customers of all sizes with a complete, secure portfolio that enables the networking architecture necessary to manage and simplify the expanding and increasingly complex connectivity needs.
Juniper CEO Rami Rahim will lead the combined HPE networking business, reporting directly to HPE President and CEO Antonio Neri.
“HPE’s acquisition of Juniper represents an important inflection point in the industry and will change the dynamics in the networking market and provide customers and partners with a new alternative that meets their toughest demands,” said Neri. “This transaction will strengthen HPE’s position at the nexus of accelerating macro-AI trends, expand our total addressable market, and drive further innovation for customers as we help bridge the AI-native and cloud-native worlds, while also generating significant value for shareholders. I am excited to welcome Juniper’s talented employees to our team as we bring together two companies with complementary portfolios and proven track records of driving innovation within the industry.”
“Our multi-year focus on innovative, secure AI-native solutions has driven Juniper Networks’ outstanding performance,” said Rahim. “We have successfully delivered exceptional user experiences and simplified operations, and by joining HPE, I believe we can accelerate the next phase of our journey. In addition, this combination maximises value for our shareholders through a meaningful all-cash premium. We look forward to working with the talented HPE team to drive innovation for enterprise, service provider and cloud customers across all domains, including campus, branch, data centre and the wide area network.”
The transaction has been unanimously approved by the boards of both companies. The transaction is expected to be funded based on financing commitments for $US 14 billion in term loans. It is expected to close in late calendar year 2024 or early calendar year 2025, subject to regulatory approvals, approval of the transaction by Juniper shareholders, and satisfaction of other customary closing conditions. The combination is expected to achieve operating efficiencies and run-rate annual cost synergies of $US 450 million within 36 months post-close.
Image by naor eliyahu from Pixabay
Read 453 times
Please join our community here and become a VIP.
Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here
GARTNER MARKET GUIDE FOR NDR 2022
You probably know that we are big believers in Network Detection and Response (NDR).Did you realise that Gartner also recommends that security teams prioritise NDR solutions to enhance their detection and response?
Picking the right NDR for your team and process can sometimes be the biggest challenge.
If you want to try out a Network Detection and Response tool, why not start with the best?
Vectra Network Detection and Response is the industry's most advanced AI-driven attack defence for identifying and stopping malicious tactics in your network without noise or the need for decryption.
Download the 2022 Gartner Market Guide for Network Detection and Response (NDR) for recommendations on how Network Detection and Response solutions can expand deeper into existing on-premises networks, and new cloud environments.
PROMOTE YOUR WEBINAR ON ITWIRE
It's all about Webinars.Marketing budgets are now focused on Webinars combined with Lead Generation.
If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.
The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.
Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.
We look forward to discussing your campaign goals with you. Please click the button below.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK