202013 Jul
HPE to Accelerate Edge-to-Cloud Strategy with Acquisition of SD-WAN Leader Silver Peak
Type
Acquisitions
Source
Businesswire
Summary

SAN JOSE, Calif.--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE:HPE) today announced that it has entered into a definitive agreement to acquire Silver Peak, an SD-WAN (Software-Defined Wide Area Network) leader, in a transaction valued at $925 million. By combining Silver Peak’s SD-WAN with Aruba’s SD-Branch solutions customers can simplify branch office and WAN deployments to empower remote workforces, enable cloud-connected distributed enterprises, and transform business operations without compromising quality or reliability. “Today’s announcement comes at a unique moment for our customers, who are grappling with business recovery in the wake of the pandemic,” said Keerti Melkote, president of Intelligent Edge for Hewlett Packard Enterprise and founder of Aruba Networks. Legacy WAN architectures are no longer viable and incur relatively high costs, compelling enterprises to invest in SD-WAN technology to ensure secure, scalable, and efficient connections from the edge of their network to a diverse mix of on-premises and cloud-based endpoints. The companies expect the combination to create opportunities for significant economic upside through enhanced growth and profitability by: HPE has entered into a definitive agreement to acquire Silver Peak for approximately $925 million in cash.

Classifications
  • ERP
  • ERP & Process Management
  • Virtualization & Network Resources
  • Networking
  • Data Management