Hewlett Packard Company is an American Multinational Information
Technology corporation. It provides software, hardware, and services to
consumers, small and medium sized business and large enterprises, including
customers in the government, health, and education sectors. Aruba Networks is a networking vendor
selling enterprise wireless LAN and edge access networking equipment. Their
core products are access points, mobility controllers, and network management
software through their Airwave Management platform product.
Recently, HP acquired Aruba
Networks in a deal valued at $2.7 Billion. The deal will expand HP presence in
the mobile market, supporting faster speeds and access to cloud applications.
Each company’s board of directors has approved the deal. HP has had a dismal
record for big acquisitions, having written off multibillion dollar
acquisitions of Autonomy and technology outsourcing provider EDS, which it
bought in 2008.
HP, which has struggled to adapt to
the new era of mobile and online computing, plans to shift into two listed
companies this year, separating its computer and printer businesses from its
corporate hardware and services operations. Aruba Networks was founded in 2002
and makes the hardware and software used to build Wi-Fi networks for customers.
It currently maintains around 1,800 employees and saw revenues of $729 Million
in fiscal 2014.
Aruba clients include KFC,
University of Miami/University of Miami Health System, and Emirates Palace
Hotel in Abu Dhabi. Aruba has offices throughout the Americas,
Asia-Pacific/Japan and the Europe/Middle East/Africa Regions. The company
raised its last series D round back in 2006 from investors such as ARTIS
ventures, Trinity Ventures, Sequoia Capital, Matrix Partners, and Focus
Ventures.
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