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Hewlett Packard Enterprise eyes £10bn purchase of Juniper Networks

Written by Tue 9 Jan 2024

HPE

Hewlett Packard Enterprise (HPE) is in talks to purchase networking company, Juniper Networks, in a deal valued at around £10 billion ($13 billion).

Reuters reported the deal could be announced this week, according to sources familiar with the matter. In extended trading hours, shares of HPE fell 7.7%. Meanwhile, shares of Juniper Networks increased by 21%.

The acquisition is expected to enhance HPE’s artificial intelligence (AI) capabilities by leveraging Juniper’s solutions, including network security and AI-driven enterprise networking operations (AIOps). 

CEO of Juniper Networks, Rami Rahim, said in December that Juniper’s Mist AI platform has experienced nearly doubled revenue in the past few quarters. Juniper Mist AI is a cloud-based solution that streamlines operations across wireless and wired networks.

“Taking that Mist secret sauce and expanding it across more and more layers of network is definitely part of the strategy,” said Rahim as reported in Reuters.

HPE provides products and services like data centre equipment and cloud services. Users include small businesses, enterprises, and governments.

Juniper Networks’ product portfolio includes cloud services, data centre networking, network operating systems, optics, routers, security, software, switches, and wireless access points.

HPE Expands AI Offerings Before Juniper Networks Purchase

The news arrived as HPE is seen to be expanding its AI offerings. Last month, HPE collaborated with the University of Stuttgart to build two new supercomputers at the High-Performance Computing Centre of the University of Stuttgart (HLRS).

The initial phase involves launching a transitional supercomputer, Hunter, in 2025. In 2027, exascale system, Herder, will be installed to enhance Germany’s high-performance computing capabilities.

In November, the UK Government announced a £225 million ($278 million) investment to create the country’s fastest supercomputer, named Isambard-AI.

Built by HPE, Isambard-AI will be 10 times more powerful than the UK’s current fastest supercomputer and use next-generation Cray ED- supercomputers and 5,000 NVIDIA GH200 superchips. The supercomputer will be capable of reaching 200 quadrillion calculations per second.

In the same month, Taiga Cloud, a Northern Data Group company, announced a substantial £285.6 million ($363 million) investment in collaboration with HPE to enhance Europe’s largest Generative AI cloud.

In June, HPE unveiled a new cloud computing service crafted for powering complex AI systems like ChatGPT.

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Written by Tue 9 Jan 2024

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