HPE announces acquisition of Juniper Networks for $14 billion

Strategic move to strengthen network business and accelerate growth in the AI ​​sector

Hewlett Packard Enterprise (HPE) and Juniper Networks, Inc., a leader in native AI networks, today announced that they have reached a definitive agreement that HPE will acquire Juniper in a transaction with a total asset value of approximately $14 billion.

The explosion of AI and business driven by hybrid cloud Demand for unified, secure technology solutions that connect, protect and analyze enterprise data from the edge to the cloud is accelerating. These trends, and AI in particular, will increasingly represent a standard for enterprises, and HPE is aligning its portfolio to capitalize on these substantial IT trends, with networking as a critical connecting component.

Combining the complementary portfolios of HPE and Juniper enriches HPE’s edge-to-cloud strategy with the capability of an AI-native environment based on a cloud-native architecture. Together, HPE and Juniper will provide customers of all sizes with a comprehensive, secure portfolio that enables the network architecture needed to manage and simplify their growing and increasingly complex connectivity needs.

Through its suite of cloud-delivered networking solutions, software and services including the Mist AI and Cloud Platform, Juniper helps organizations securely and efficiently access the mission-critical cloud infrastructure that serves as the foundation of their digital and AI strategies .

Upon completion of the acquisition, Juniper CEO Rami Rahim will lead HPE’s combined networking business, reporting to HPE President and CEO Antonio Neri.

HPE’s acquisition of Juniper represents a major turning point in the industry and will change the dynamics in the networking market, offering customers and partners a new alternative that meets their most demanding requests,

” said Antonio Neri.This transaction will strengthen HPE’s position at the intersection of accelerating macro-AI trends, expanding our total addressable market, and further drive innovation for customers as we help bridge the AI-native and cloud-native worlds, while also generating significant value for shareholders. I’m excited to welcome Juniper’s talented employees to our team as we bring together two companies with complementary portfolios and proven tracks of innovation within the industry.

Our decades-long focus on innovative and secure AI-native solutions has driven Juniper Networks’ exceptional performance,” he said Rami Rahim, CEO of Juniper Networks. “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. Additionally, this combination maximizes value for our shareholders through a significant all-cash premium. We look forward to working with the talented HPE team to drive innovation for enterprise customers, communications service providers and cloud customers across all domains, including campus, branch, data center and the wide area network.



Source-www.adnkronos.com