Hewlett packard yahoo finance news8/3/2023 Incorporating Athonet’s technology into its existing CSP and Aruba networking enterprise offerings, HPE intends to create a private networking portfolio that accelerates digital transformation from edge-to-cloud. Last month, the company signed an agreement to acquire private cellular technology provider, Athonet, to expand its overall private 5G offerings to both enterprises and communication service providers (CSP). HPE has been pursuing acquisitions to focus more on high-margin hybrid IT models that leverage on-premises and cloud-computing power. Hewlett Packard Enterprise Company price-consensus-chart | Hewlett Packard Enterprise Company Quote Back-to-back Buyouts Hewlett Packard Enterprise Company Price and Consensus The integrated HPE solution is likely to be available for customers in third-quarter fiscal 2023. HPE Aruba Networking’s executive vice president and general manager, Phil Mottram, stated "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 Internet of Things (IoT) devices and all users’ access across geographically distributed locations." The solution aims to enhance application performance and support increased network security with an increase in the number of remote users and enterprises continuing to perform cloud migration. Combining HPE Aruba’s existing SD-WAN and network firewall solution with Axis Security’s cloud-based offerings, the company will provide a complete edge-to-cloud SASE solution, which will ensure Zero Trust security controls applicable to both partners and devices on campus, branch, home, or anywhere.Īxis Security’s cloud-based Security Service Edge solution, Atmos, delivers authenticated user access to private applications at the network edge, a secure web gateway to safeguard user access to the Internet and a cloud access security broker that provides secure in-line access to software-as-a-service apps and Digital Experience Monitoring to provide insights into user experience. The buyout, which is anticipated to conclude in second-quarter fiscal 2023 subject to customary closing conditions, will fortify HPE Aruba’s SASE solutions with integrated cloud security and Software-defined Wide Area Network (SD-WAN) in a single offering. Also, it extended its edge-to-cloud security capabilities by offering a unified Secure Access Services Edge (SASE) solution that will meet the growing demand for integrated networking and security solutions delivered as-a-service. Hewlett Packard Enterprise HPE recently inked a definitive agreement to acquire Axis Security, a cloud security provider.
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