Inside the 25-year relationship between Goldman Sachs and Juniper Networks—and its bittersweet end [Fortune]
Hewlett Packard Enterprise Company (HPE)
Last hewlett packard enterprise company earnings: 3/3 04:05 pm
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Source: Fortune
In January, Juniper, once one of the hottest startups and which helped revolutionize the networking space, agreed to sell itself to Hewlett Packard Enterprise for $14 billion. Juniper CEO Rami Rahim, who started with the company about 28 years ago, will lead the new HPE networking business and report to Antonio Neri, HPE's president and CEO. It's unclear how many of Juniper's 11,000 employees are joining HPE or whether Juniper will keep its name. HPE, according to a spokeswoman, will evaluate team structures and needs throughout the integration process and decide on branding after the deal closes. The deal is a bittersweet ending for Goldman, which has advised Juniper for 25 years, including its sale to HPE. “It's like birth and death,” one Goldman exec told Fortune . “The IPO and the sale are bookends of the company's life. On one hand, the deal is very innovative and high profile. On other hand, the company Juniper goes away.” Goldman has advised some of the biggest companies—
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