Tuesday, February 6, 2024

HPE says "business as usual" during merger process

One month after agreed to acquire Juniper Networks, the companies said they are continuing business as usual while working through the merger process.

In a blog post, Antonio Neri, Preside and CEO of HPE, writes: "We are pursuing this acquisition because we believe the combination of HPE and Juniper Networks will radically change the networking industry – not by eliminating products from either portfolio – but by creating greater choice in this sector. The incredible thing about a combination like this one is that there are strong offerings on both sides and by bringing them together, we will be accelerating value and flexibility for all of our customers. While it is too early for us to make any decisions or announcements regarding future product roadmaps, my commitment is that all HPE portfolio decisions will continue to be made carefully and thoughtfully."

Some additional key points:

  • The merger aims to leverage AI-driven networking solutions, enhancing HPE's portfolio with high growth and margin areas, complementing the HPE Aruba Networking portfolio.
  • The combined efforts aim to address customer challenges more effectively, creating a full-service networking company with a customer-centric product development approach.
  • The acquisition's closure is anticipated for late 2024 or early 2025, with a commitment to minimal disruption during the transition.

https://www.hpe.com/us/en/newsroom/blog-post/2024/02/hpe-and-juniper-networks-accelerating-value-for-customers.html