Hewlett Packard Enterprise (NYSE: HPE) plans to buy Juniper Networks, Inc. (NYSE: JNPR) in an all-cash transaction worth $14 billion. The acquisition is expected to double HPE’s networking business to meet the demand for artificial intelligence (AI) and hybrid cloud-driven solutions.
“AI will continue to be the most disruptive workload for companies, and HPE has been aligning its portfolio to capitalize on these substantial IT trends with networking as a critical connective component,” a HPE press release said.
HPE said the complementary nature of HPE and Juniper’s portfolios will serve HPE’s edge-to-cloud strategy to develop an AI-native environment based on a foundational cloud-native architecture.
“Leveraging industry-leading AI, the combined company is expected to create better user and operator experiences, benefitting customers’ high performance networks and cloud data centers,” HPE said.
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