HPE officially completes acquisition of Juniper Networks
HPE
has announced the successful completion of its previously announced acquisition
of Juniper Networks, Inc., a leader in AI-native networks. The combination
positions HPE to capture the growing AI and hybrid cloud market opportunity by
creating an industry-leading cloud-native and AI-driven IT portfolio,
including a full, modern networking stack.
The transaction doubles
the size of HPE's networking business and provides customers with a
comprehensive portfolio of networking solutions. It also accelerates the
company's portfolio mix shift to higher-margin, higher-growth areas and
positions the company for long-term profitable revenue growth.
"Today begins a new
era for HPE - we are now at the epicentre of the transformation of IT, where AI
and networking are converging," said Antonio Neri, president and CEO of
HPE. "In addition to positioning HPE to offer our customers a modern
network architecture alternative and an even more differentiated and complete
portfolio across hybrid cloud, AI, and networking, this combination accelerates
our profitable growth strategy as we deepen our customer relevance and expand
our total addressable market into attractive adjacent areas. We look
forward to welcoming the Juniper team to HPE."
"HPE and Juniper have
a unique opportunity to disrupt the networking industry at the most important
and relevant time," said Rami Rahim, former CEO of Juniper Networks, who
will now lead the combined HPE Networking business. "Together, we'll be
able to provide customers and partners with a secure network that is
purpose-built with AI and for AI.”
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