HPE Completes Acquisition of SD-WAN Leader Silver Peak
21 Septiembre 2020 - 3:05PM
Business Wire
Combination creates comprehensive networking
portfolio to accelerate customers’ edge-to-cloud
transformation
Hewlett Packard Enterprise (NYSE: HPE) today announced it has
completed the acquisition of Silver Peak, an SD-WAN
(Software-Defined Wide Area Network) leader, in a transaction
valued at $925 million. Silver Peak will become a part of Aruba, a
Hewlett Packard Enterprise company. The acquisition will strengthen
Aruba ESP (Edge Services Platform), helping to advance enterprise
cloud transformation with a comprehensive edge-to-cloud networking
solution covering all aspects of wired, wireless local area
networking (LAN) and wide area networking (WAN).
“WAN transformation is a key component of HPE’s Intelligent Edge
and edge-to-cloud vision and growth strategy,” said Antonio Neri,
president and CEO of HPE. “Armed with a comprehensive SD-WAN
portfolio with the addition of Silver Peak, we will accelerate the
delivery of a true distributed cloud model and cloud experience for
all apps and data wherever they live.”
“I am very excited to welcome the Silver Peak team to the Aruba
family,” said Keerti Melkote, president of Intelligent Edge for
Hewlett Packard Enterprise and founder of Aruba Networks. “With the
evolving nature of the hybrid workplace, enterprises are looking to
extend connectivity to branch locations and enable secure
work-from-home experiences. By combining Silver Peak’s advanced
SD-WAN technology with Aruba’s SD-Branch and remote worker
solutions, customers can simplify branch office and WAN deployments
to empower remote workforces, enable cloud-connected distributed
enterprises, and transform business operations without
compromise.”
As part of the acquisition, Silver Peak founder and CEO David
Hughes, will join HPE as the senior vice president of the WAN
business within Aruba.
Comprehensive WAN Portfolio to Meet Customer Needs
Enterprises are increasingly investing in SD-WAN technologies as
legacy WAN architectures incur relatively high costs and are
cumbersome to operate. Aruba and Silver Peak share a common vision
and goal to provide simplicity, scalability, and
application-awareness at the edge. Aruba’s all-in-one SD-Branch
portfolio and remote worker solutions, combined with Silver Peak’s
self-driving SD-WAN and WAN optimization solutions, allow Aruba to
better address a wide set of customer requirements in order to
capitalize on a promising market opportunity.
“I look forward to leading the new WAN business unit within
Aruba and accelerating our customers’ edge-to-cloud transformation
initiatives,” said David Hughes, founder of Silver Peak and senior
vice president of the WAN business at Aruba. “Digital
transformation, cloud-first IT architectures, and the need to
support a mobile work-from-anywhere workforce are driving
enterprises to rethink the network edge. The combination of Silver
Peak and Aruba will uniquely enable customers to realize the full
transformational promise of these IT megatrends.”
Transaction Details
Silver Peak is another example of HPE successfully accelerating
its strategy and enhancing its competitive position through
acquisitions. Bringing together Aruba and Silver Peak will
strengthen HPE’s Intelligent Edge business and drive significant
revenue opportunities which will be accretive to the Intelligent
Edge segment revenue growth and gross margin. We expect the
transaction to be neutral to non-GAAP EPS in FY221.
HPE will discuss how the integration of Silver Peak will create
value and enhance growth and profitability at its Securities
Analyst Meeting on October 15, 2020.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise is the global edge-to-cloud
platform-as-a-service company that helps organizations accelerate
outcomes by unlocking value from all of their data, everywhere.
Built on decades of reimagining the future and innovating to
advance the way we live and work, HPE delivers unique, open and
intelligent technology solutions, with a consistent experience
across all clouds and edges, to help customers develop new business
models, engage in new ways, and increase operational performance.
For more information, visit: www.hpe.com.
Forward-looking Statements
This document contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements involve risks,
uncertainties and assumptions. If such risks or uncertainties
materialize or such assumptions prove incorrect, the results of HPE
and its consolidated subsidiaries could differ materially from
those expressed or implied by such forward-looking statements and
assumptions. All statements other than statements of historical
fact are statements that could be deemed forward-looking
statements, including, but not limited to, any statements regarding
the expected benefits and costs of the transaction contemplated by
this document, including enhanced opportunities for growth, the
delivery of customer benefits and the realization of synergies and
other economic benefits; projections of revenue, expenses, net
earnings, operating profit, cash flows, or other financial items;
any statements concerning the expected development, performance,
market share or competitive performance relating to products or
services; any statements regarding current or future macroeconomic
trends or events and the impact of those trends and events on HPE
and its financial performance; any statements of expectation or
belief; and any statements of assumptions underlying any of the
foregoing. Risks, uncertainties and assumptions include the
possibility that expected benefits may not materialize as expected;
that the parties are unable to successfully implement integration
strategies; and other risks that are described in HPE’s SEC
reports, including but not limited to the risks described in HPE’s
Annual Report on Form 10-K for its fiscal year ended October 31,
2019 and subsequent Quarterly Reports on Form 10-Q. HPE assumes no
obligation and does not intend to update these forward-looking
statements.
1 On a GAAP EPS basis FY 22 is marginally dilutive.
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version on businesswire.com: https://www.businesswire.com/news/home/20200921005779/en/
Editorial contact
Aruba Jennifer Miu jennifer.miu@hpe.com
HPE Stefanie Notaney stefanie.notaney@hpe.com
Investor contact Sonalee Parekh investor.relations@hpe.com
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