HPE is nearing a $13B deal to acquire Juniper Networks, says WSJ report.
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Hewlett Packard Enterprise (HPE) is in talks to purchase Juniper Networks for $13 billion, a deal that was revealed in a Wall Street Journal (WSJ) report.
According to people close to the deal, a deal could be announced sometime this week.
Juniper and HPE have been competing for deals in the enterprise market, including the wireless LAN segment. Besides offering networking products for service providers and large enterprise customers, Juniper provides a foothold in the AI market for HPE, with the Mist AI system based on machine learning to optimize networks.
But the main impetus for HPE, according to the WSJ report, is that the acquisition would enhance the company’s stance in the booming intelligence (AI) market segment.
In June 2023, HPE entered the AI market when it introduced HPE GreenLake for Large Language Models (LLMs). The platform lets enterprises train, tune and deploy large-scale AI privately through an on-demand, multi-tenant, supercomputing cloud service.
When it introduced the HPE GreenLake for LLMs platform, HPE began accepting orders. It expected additional availability by the end of the calendar year 2023, starting in North America, with availability in Europe expected to follow early this year.
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