Connect with us

Hi, what are you looking for?


Artificial Intelligence

Hewlett Packard Enterprise to Acquire Juniper Networks for $14 Billion

This acquisition is expected to double HPE’s networking business and expand its portfolio with AI-native networking offerings.

HPE to Acquire Juniper Networks

In the first mega tech deal of 2024, Hewlett Packard Enterprise (HPE) announced late Tuesday that it has agreed to acquire network equipment maker Juniper Networks for $14 billion in cash.

The acquisition is expected to double HPE’s networking business and expand its portfolio with AI-native networking offerings, marking a significant shift in HPE’s portfolio towards more dynamic, high-margin networking business.

“The explosion of AI and hybrid cloud-driven business is accelerating demand for secure, unified technology solutions that connect, protect, and analyze companies’ data from edge to cloud,” the two companies said when announcing the deal.

The companies say that Juniper’s expertise in cloud-delivered networking solutions, software, and services, including the Mist AI and Cloud platform, complements HPE’s Aruba Networking and purposely designed AI interconnect fabric.

“With leading AIOps, we reduced manual work, sped deployments and crushed time-consuming trouble tickets for our customers,” Juniper CEO Rami Rahim wrote in a blog post. “We have shifted the perception of what a network can and should be – and have seen great success. In fact, revenue from our products that leverage this AI have grown nearly 100% year-over-year for the last two reported quarters. And we’re starting to see early momentum from our investments in enabling and automating AI data centers, including those handling emerging AI training and inference models.”

Upon the deal’s closure, Rahim will head the combined HPE networking business, reporting directly to HPE President and CEO Antonio Neri.

Juniper shareholders will receive $40.00 per share in cash, a premium of about 32% to Juniper’s stock price before speculation of the deal. Funded by $14 billion in term loans, the acquisition is set for completion between late 2024 and early 2025, subject to regulatory and shareholder approvals.

HPE said it expects to achieve operating efficiencies cost savings of $450 million within three years after closing the acquisition.

Advertisement. Scroll to continue reading.
Written By


Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Gain valuable insights from industry professionals who will help guide you through the intricacies of industrial cybersecurity.


Join us for an in depth exploration of the critical nature of software and vendor supply chain security issues with a focus on understanding how attacks against identity infrastructure come with major cascading effects.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Artificial Intelligence

The CRYSTALS-Kyber public-key encryption and key encapsulation mechanism recommended by NIST for post-quantum cryptography has been broken using AI combined with side channel attacks.

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.

Artificial Intelligence

The release of OpenAI’s ChatGPT in late 2022 has demonstrated the potential of AI for both good and bad.

Cybersecurity Funding

2022 Cybersecurity Year in Review: Top news headlines and trends that impacted the security ecosystem

Artificial Intelligence

The degree of danger that may be introduced when adversaries start to use AI as an effective weapon of attack rather than a tool...