From CNET: Just last week, Hewlett-Packard CEO Meg Whitman said that her company would be "on the hunt" to acquire new companies, and now she has made good on that promise.
HP plans to buy Aruba Networks in a $3 billion transaction that, factoring in cash and debt, works out to about $2.7 billion, the companies announced Monday. The deal, which was approved by the boards at both companies, will see Aruba become part of the HP Enterprise Group, led by that division's head, Antonio Neri. Aruba CEO Dominic Orr and Chief Strategy and Technology Officer Keerti Melkote will stay on and report to Neri.
Aruba Networks, which has approximately 1,800 employees and generated $729 million in revenue during its most recent fiscal year, provides corporations with services that manage wireless networks and "trigger security actions" on mobile devices.
Its business has been built around the idea that mobility has become a major trend in the corporate world, requiring IT departments to find new ways to handle issues that arise on smartphones, tablets and notebooks, and to ensure compliance with company security protocols. All of that is done automatically, so companies don't need to have a dedicated IT person handling issues with mobile products.
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