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  1. #1
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010

    [EN] HP to acquire Aruba for $2.7B and becomes the #2 WLAN vendor behind Cisco

    HP to Acquire Aruba Networks to Create an Industry Leader in Enterprise Mobility

    Deal Combines Aruba Networks' Leadership in Wireless Mobility solutions with HP's Strength in Wired Switching Positions HP to Accelerate Enterprise Transition to Converged Campus Network

    PALO ALTO, CA and SUNNYVALE, CA, Mar 02, 2015 (Marketwired via COMTEX) -- HP HPQ, -0.19% and Aruba Networks ARUN, -1.61% today announced a definitive agreement for HP to acquire Aruba, a leading provider of next-generation network access solutions for the mobile enterprise, for $24.67 per share in cash. The equity value of the transaction is approximately $3.0 billion, and net of cash and debt approximately $2.7 billion. Both companies' boards of directors have approved the deal.

    Aruba is a Sunnyvale-based industry leader in wireless networking with approximately 1,800 employees. The company had revenues of $729 million in fiscal 2014, and has reported compound annual revenue growth of 30 percent over the last five years.

    Aruba boasts a highly regarded innovation engine and specialized sales, marketing and channel model, complementing HP's leading networking business and go-to-market breadth. Together, HP and Aruba will deliver next-generation converged campus solutions, leveraging the strong Aruba brand. This new combined organization will be led by Aruba's Chief Executive Officer Dominic Orr, and Chief Strategy and Technology Officer, Keerti Melkote, reporting to Antonio Neri, leader of HP Enterprise Group. With this move, HP will be uniquely positioned to deliver both the innovation and global delivery and services offerings to meet customer needs worldwide.

    With the shift to mobile, enterprise networking needs are exceeding the capabilities of legacy infrastructure. At the same time, organizations are shifting rapidly to mobility-centric workplaces for their employees, guests, customers and students. The next-generation 802.11ac Wi-Fi standard is critical in enabling this trend. This new technology will support the faster speeds and access to cloud applications that end-users expect. Enterprises need comprehensive, integrated and secure networking solutions to help them transition legacy systems to the wireless edge. Today's announcement directly addresses these market trends.

    "Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investments to the new style of IT," said Meg Whitman, Chairman, President and Chief Executive Officer of HP. "By combining Aruba's world-class wireless mobility solutions with HP's leading switching portfolio, HP will offer the simplest, most secure networking solutions to help enterprises easily deploy next-generation mobile networks."

    "Together with HP, we have a tremendous opportunity to become an even greater force in enterprise mobility and networking," said Mr. Orr. "This transaction brings together Aruba's best-of-breed mobility hardware and software solutions with HP's leading switching portfolio. In addition, Aruba's channel partners will have the opportunity to expand their businesses with HP offerings. Together, we will build on Aruba's proven 'customer first, customer last' culture, creating an innovative, agile networking leader ideally positioned to solve our customers' most pressing mobility, security and networking challenges."

    HP and Aruba believe that by combining complementary product portfolios and go-to-market approaches they will be able to accelerate revenue growth and strengthen the financial performance of the combined HP Networking business, and create a leading competitor in the $18 billion and growing campus networking sector. Overall, 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, regulatory approvals in the US and other countries as well as other customary closing conditions.

    About HP HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. With the broadest technology portfolio spanning printing, personal systems, software, services and IT infrastructure, HP delivers solutions for customers' most complex challenges in every region of the world. More information about HP is available at

    About Aruba Networks, Inc. Aruba is a leading provider of next-generation network access solutions for the mobile enterprise. Aruba designs and delivers Mobility-Defined Networks that empower IT departments and #GenMobile, a new generation of tech-savvy users who rely on their mobile devices for every aspect of work and personal communication. To create a mobility experience that #GenMobile and IT can rely upon, Aruba Mobility-Defined Networks(TM) automate infrastructure-wide performance optimization and trigger security actions that used to require manual IT intervention. The results are dramatically improved productivity and lower operational costs. Listed on the NASDAQ and Russell 2000(R) Index, Aruba is based in Sunnyvale, California, and has operations throughout the Americas, Europe, Middle East, Africa and Asia Pacific regions.

  2. #2
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010

    HP to Buy Aruba for $2.7 Billion; Won’t Move Needle, says Mizuho; M&A Heating Up

    By Tiernan Ray

    Confirming speculation by Bloomberg last week, Hewlett-Packard this morning said it would buy wireless networking firm Aruba Networks for $2.7 billion, or $24.67 per Aruba share, after subtracting cash acquired, as reported by MarketWatch’s Tomi Kilgore.

    The official announcement from HP can be found on the company’s “HP Next” Web site.

    HP shares are down 6 cents at $34.78. Aruba is off 38 cents, or 1.5%, at $24.43.

    It’s a big deal, to be sure, bigger than last week’s deal by Avagato Technologies to buy Emulex, for $609 million; but not as big as this morning’s announcement by NXP Semiconductors that it will pay $11.8 billion to buy Freescale Semiconductor.

    HP CEO Meg Whitman said in the announcement that Aruba’s CEO, Dominic Orr, will run the Aruba effort when it becomes part of “HP Enterprise,” the name of one of the two new companies that will be formed this year by the break up of HP. Aruba chief technology and strategy officer Keerti Melkote will report to Whitman.
    Whitman made the case that combining HP’s networking gear with Aruba’s wireless access points will make life easier for corporate IT:
    Combining Aruba and HP will create a leader in enterprise mobility, positioning HP to enable and accelerate our customers’ transition to a converged campus network. The two companies are highly complementary – Aruba brings best-of-breed mobility software and WLAN hardware, and HP has a leading wired switching portfolio. This potent combination will enable enterprises to easily, quickly and securely deploy end-to-end mobile solutions, including the latest multi-gigabit wireless technology, across their campus. Together, HP and Aruba will offer a unified solution with value-added software features, including policy management, security and orchestration.

    Among early responses this morning, Abhey Lamba with Mizuho Securities USA, who has a Neutral rating on HPQ, and a $38 target, writes that the deal will help HP’s networking efforts, but it is “unlikely to move the needle” for the company overall:
    Aruba has grown revenues at a 30% CAGR over the past five years and is expected to expand its sales in the mid to high teens over the next couple of years. However, the company’s revenue run rate of ~$800-850mm would represent less than 2% of HP Enterprise’s overall revenues. As such, even high teens’ rise is unlikely to help solve the growth problem within the company. However, it will clearly help enhance HP’s offerings in the networking space that posted 4% growth in FY14 and 11% Y/Y decline last quarter.

    Reflecting on the deal, FBR & Co.’s Daniel Ives, writes that M&A is “heating up” in tech, and that EMC, for one, should pay attention:

    We believe the split then M&A strategy to bulk up its product wings is a path its tech stalwart brethren EMC should look hard at (e.g. VMware) as the “status quo” in this age of cloud computing and next generation datacenter paradigm shift is a flawed strategy, in our opinion.

    Ives sees more M&A by large tech outfits such as Cisco Systems and Microsoft, on the way:

    To this point, with a myriad of hyper growth areas within the technology food chain such as big data, cybersecurity, and cloud computing, which have spawned some of the hottest growth companies seen in the software sector, we believe there is an arms race to generate “1+1=3” scenarios from cross-sell/upsell opportunities with smart strategic acquisitions in the space and given the evolving technology landscape. We continue to believe other larger technology vendors, such as Cisco, SAP, IBM, EMC, Oracle, and Microsoft, will seek to acquire their way into higher growth areas of the tech food chain while shedding/spinning off less fertile areas (e.g., SYMC/HPQ).

    Ives lists his “top ten” M&A possibilities:
    (1) EMC and FTNT, (2) EMC and PFPT, (3) MSFT and IMPV, (4) ORCL and VRNT, (5) IBM and SPLK, (6) IBM and DATA, (7) SAP and QLIK, (8) SAP and DATA, (9) ORCL and N, (10) CSCO and FEYE.
    Última edição por 5ms; 02-03-2015 às 14:21.

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