HP has acquired wireless specialist Aruba Networks for $3bn in a move that boosts HP's capabilities in the delivery of converged campus solutions.
Aruba has approximately 1,800 employees and notched up $729m revenues in fiscal 2014, and has reported compound annual revenue growth of 30% over the last five years.
"Enterprises are facing a mobile-first world and are looking for solutions that help them transition legacy investments to the new style of IT," said Meg Whitman, Chairman, President and Chief Executive Officer of HP.
"By combining Aruba's wireless mobility solutions with HP's switching portfolio, HP will offer the simplest, most secure networking solutions to help enterprises easily deploy next-generation mobile networks."
This new combined organisation will be led by Aruba's Chief Executive Officer Dominic Orr, and Chief Strategy and Technology Officer, Keerti Melkote, reporting to Antonio Neri, leader of HP Enterprise Group.
Orr added: "Together with HP we have a tremendous opportunity to become an even greater force in enterprise mobility and networking.
"This transaction brings together Aruba's best-of-breed mobility hardware and software solutions with HP's switching portfolio. In addition, Aruba's channel partners will have the opportunity to expand their businesses with HP offerings."
The transaction is expected to close in the second half of HP's fiscal year 2015, subject to Aruba stockholder approval, regulatory approvals in the US and other countries as well as other customary closing conditions.