Hewlett Packard To Buy Silver Peak For $925M To Boost Cloud Solutions

Hewlett Packard Enterprise (HPE) has entered into an agreement to acquire Silver Peak, a software-defined wide area network (SD-WAN) company, to boost its edge-to-cloud solutions, in a deal valued at $925 million.Shares rose 2.7% to $9.50 in early afternoon trading. As part of the transaction, Silver Peak will be combined with HPE’s Aruba business unit to further accelerate the adoption of transformational technologies in the large and fast-growing SD-WAN space. HPE expects the combination to drive “significant” revenue opportunities and to be accretive to Intelligent Edge segment revenue growth and gross margin.The company estimates that the transaction, which is set …read more

Source:: Yahoo Finance