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February 26, 2015

Is HP set to buy Aruba?

Reports from Bloomberg suggest the deal could be completed as early as next week.

By James Nunns

Bloomberg has reported that HP are in talks to buy Aruba Networks, a maker of wireless-network infrastructure as HP look to strengthen its network offerings.

The purchase of Aruba, which has a market value of around $2.4bn, would represent a significant acquisition for HP who posted disappointing financial results on Tuesday.

Meg Whitman, CEO, said on Tuesday that the company is: "now in a position where we can actually make acquisitions, which we couldn’t when we started."

Despite HP’s chequered past with acquisitions, the proposed deal to buy Aruba could represent a healthy investment into an area which HP has recently posted losses.

Aruba Networks, which was established in 2002, posted annual revenue of $728.9 million in its last fiscal year. The company specialises in networking equipment particularly wireless networking access tools that are used by hotels, universities and shopping centres.

HP’s most recent acquisition was that of Autonomy for $11bn which has been undergoing a long term investigation.

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