You may be aware of press reports in relation to the acquisition of Juniper Networks by HPE, which emerged yesterday. As one of the leading Irish partners for HPE Aruba and Juniper Networks, I wanted to provide you with some further information on this transaction, which we believe is a hugely positive development for both sets of respective clients and the networking industry at large.
In a move designed to accelerate AI-driven innovation, HPE has agreed to acquire Juniper in an all-cash transaction for $40.00 per share, representing an equity value of approximately $14 billion. Upon completion of the transaction, Juniper CEO Rami Rahim will lead the combined HPE networking business, reporting to HPE President and CEO Antonio Neri.
Full details on the official announcement can be found here:
Confidence not uncertainty
While acquisitions of this size and scale can be viewed with a degree of uncertainty in some quarters, we note that HPE are forecasting combined revenue of $14 billion in year one, essentially underscoring their confidence in the future success of the acquisition.
Given our engineering expertise in both HPE Aruba and Juniper technology, we echo this sentiment and strongly believe that the combination of portfolios will offer customers of all sizes, the power to leverage industry-leading AI to securely manage and simplify their increasingly complex connectivity needs.
The transaction is currently expected to close in late calendar year 2024 or early calendar year 2025. And until that time, it remains business as usual for both organisations.
Complementary portfolios
This afternoon’s investor call revealed very little overlap in product portfolio across both organisations and as a result, we foresee little impact to Irish customers in the short and medium term. Long term, defined product roadmaps will generate secure user experience and high performance data centres based on continued innovation across AI.
If you have any questions or concerns around this development, please reach out to your Agile Networks account manager.
We thank you for your ongoing business and loyalty and we commit to keeping you abreast of further developments as they become available.
Kenn Larkin
CEO
Agile Networks
