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HOUSTON & SUNNYVALE, Calif. – Hewlett Packard Enterprise (HPE) and Juniper Networks have reached an agreement with the U.S. Department of Justice (DOJ), paving the way for HPE’s acquisition of Juniper to finally close, pending court approval. The development marks a significant step in a deal that promises to reshape the networking landscape.
“This agreement with the DOJ clears the path for us to close the acquisition of Juniper Networks and delivers the intended benefits to our customers and shareholders, while fostering more competition in the global networking market,” said Antonio Neri, president and CEO of HPE. “For the first time, customers will have a modern network architecture that’s tailor-made for the demands of AI workloads. The combination of HPE Aruba Networking and Juniper Networks will give customers a comprehensive suite of secure, AI-native networking solutions and will speed up HPE’s expansion in the AI data center, service provider, and cloud markets.”
Once the deal is finalized, the combined forces of HPE and Juniper are expected to ignite innovation in networking silicon, systems, and software. This will directly address the increasingly complex connectivity needs of customers. This merger promises a fresh alternative to legacy solutions, injecting new competitive energy into the market, and delivering enhanced innovation and accelerated value for clients. Moreover, customers will be better equipped to fast-track and simplify their AI transformations due to HPE’s prowess in hybrid cloud, storage, compute, and software, combined with Juniper’s networking expertise.
“This is a pivotal moment in providing customers with a complete portfolio of modern, secure networking solutions, that will both connect their organizations and create the critical foundation for hybrid cloud and AI,” said Juniper Networks CEO Rami Rahim. “We’re eager to close this transaction and transform our shared vision into a reality for enterprise, service provider, and cloud customers.”
HPE initially announced its plans to acquire Juniper on January 9, 2024, in an all-cash deal valued at $40.00 per share, equating to roughly $14 billion.
The agreement addresses the DOJ’s concerns while preserving the value of the transaction for HPE’s customers, partners, and shareholders. As part of the settlement, HPE will divest its global Instant On campus and branch business. Post-close, HPE will offer limited access to Juniper’s advanced Mist AIOps technology.
About HPE
HPE (NYSE: HPE) stands at the forefront of essential enterprise technology, uniting the power of AI, cloud, and networking to empower organizations. As pioneers, their innovation and expertise revolutionize the way people live and operate. They equip customers across industries to enhance operational performance, leverage data for foresight, and maximize their impact. Unlock your boldest ambitions with HPE.
About Juniper Networks
Juniper Networks (NYSE: JNPR) is leading the way in the convergence of AI and networking. Mist™, the AI-native networking platform, is engineered to run AI workloads and streamline IT operations and ensure optimal user experiences – from edge to core, to the cloud.
Forward-Looking Statements
This press release contains forward-looking statements under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties, and assumptions based on HPE’s current expectations, estimates, projections, beliefs, and assumptions, all of which are subject to change. Any forward-looking statements inherently address risks and uncertainties, many of which are beyond HPE’s control and are not guarantees of future results. The words “believe”, “expect”, “anticipate”, “guide”, “optimistic”, “intend”, “aim”, “will”, “estimates”, “may”, “could”, “should” and similar expressions are intended to identify such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, any statements related to future actions of HPE under the terms of the settlement with the Department of Justice; the completion of the proposed transaction; the ability of HPE to integrate and implement its plans, forecasts, and other expectations with respect to Juniper’s business after the completion of the proposed transaction and realize additional opportunities for growth and innovation; HPE’s ability to implement its business strategies; and expectations of operational and/or financial performance of the combined company. Risks, uncertainties, and assumptions include those that are described in Hewlett Packard Enterprise’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and in other filings made by Hewlett Packard Enterprise from time to time with the Securities and Exchange Commission. HPE assumes no obligation to revise or update any forward-looking statements publicly, be it from new information, future developments or otherwise, should conditions change, except as required by law.
Source: Hewlett Packard Enterprise
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