Written by Saf Malik
Hewlett Packard Enterprise (HPE) will buy Juniper Networks in a deal worth US$14 billion.
The acquisition, HPE says, will advance its portfolio mix shift toward higher-growth solutions and strengthens its high-margin networking business, accelerating its sustainable profitable growth strategy.
It is expected to double HPE’s networking business, diversifying its portfolio for existing customers.
The company says it has been aligning its portfolio to capitalise on substantial IT trends such as the explosion of AI and increasing hybrid cloud-driven business demand.
“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,” Antonio Neri, president and CEO of HPE.
“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.
