HPE to acquire Silver Peak for $925m.

Hewlett Packard Enterprise, an American multinational enterprise information technology company, agreed to acquire Silver Peak, a company that develops products for wide area networks, including WAN optimization and SD-WAN, for $925m. Silver Peak will be combined with HPE’s Aruba business unit, which makes Wi-Fi network gear. The transaction is expected to close in the fourth quarter of HPE’s fiscal year 2020, subject to regulatory approvals and other customary closing conditions. “HPE was an early mover in identifying the opportunity at the edge and that trend is accelerating in a post-Covid world. With this acquisition we are accelerating our edge-to-cloud strategy to provide a true distributed cloud model and cloud experience for all apps and data wherever they live. Silver Peak’s innovative team and technology bring critical capabilities that will help our customers modernize and transform their networks to securely connect any edge to any cloud,” Antonio Neri, HPE President and CEO.