je.st
news
Tag: aruba
HP to buy wireless network firm Aruba
2015-03-02 18:13:02| Wireless - Topix.net
HP hopes that the acquisition of California-based Aruba will help it compete in the university and office campus networking market, which it estimates to be worth $18bn. Aruba posted $729m in sales in the 2014 financial year and has reported annual revenue growth averaging 30% each year over the last five years.
Tags: buy
network
firm
wireless
HP to acquire Aruba Networks for USD 3 billion
2015-03-02 16:53:00| Telecompaper Headlines
(Telecompaper) HP has confirmed an agreement to acquire Wi-Fi equipment specialist Aruba Networks for USD 3.0 billion. Net of Aruba's cash and debt, the price totals USD 2.7 billion. Aruba and its 1,800 employees will join HP's Enterprise Group. Aruba's CEO Dominic Orr will lead the new unit focused on enterprise campus networking equipment, and HP will continue to use the Aruba brand. Aruba had revenues of USD 729 million in fiscal 2014 and has reported compound annual revenue growth of 30 percent over the last five years. HP said it will also leverage Aruba's highly regarded innovation engine and specialized sales, marketing and channel model. HP expects the acquisition to be accretive to earnings in the first full year following close. The transaction is expected to close in the second half of HP's fiscal year 2015, subject to Aruba stockholder approval and regulatory approvals in the US and other countries.
Tags: networks
usd
billion
acquire
HP to buy wireless network firm Aruba
2015-03-02 16:21:27| BBC News | Business | UK Edition
Hewlett-Packard agrees to buy wi-fi network systems maker Aruba for $3bn.
Tags: buy
network
firm
wireless
Aruba Networks' value shoots to $2.4 billion on reports of HP buyout
2015-02-26 04:33:12| Wireless - Topix.net
The Hewlett-Packard Co. could buy Aruba Networks Inc., the maker of wireless-network infrastructure, sources have told Bloomberg and Re/Code.
Tags: reports
networks
billion
aruba
HP Targets Aruba Networks for Enterprise WiFi Takeover
2015-02-26 04:33:11| Wireless - Topix.net
Hewlett-Packard Co. Chief Executive Officer Meg Whitman is contemplating the computer maker's biggest deal in more than three years, showing the growing urgency of using deals to bulk up a corporate business beset by slowing demand.
Tags: networks
enterprise
targets
aruba