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New Deal


Announced

Hewlett Packard to acquire Axis Security.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cloud security

Majority

Private

Pending

Single Bidder

Digital Services

Acquisition

Cross Border

Friendly

Israel

Private Equity

Synopsis

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Hewlett Packard, a multinational information technology company, agreed to acquire Axis Security, a cloud security provider. Financial terms were not disclosed. “As we transition from a post-pandemic world, and a hybrid work environment has become the new normal, a new approach is needed for network edge security to protect critical SaaS applications. The convergence of Aruba and Axis Security solutions will transform edge-to-cloud connectivity with a comprehensive SASE solution that provides enterprises with the highest levels of security for both IoT devices and all users’ access across geographically distributed locations. Today, we also accelerate our vision to help our customers expand their secure connectivity needs with SASE and private 5G solutions, building on our recently announced agreement to acquire private cellular technology provider, Athonet,” Phil Mottram, HPE Executive Vice President.

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