Hewlett-Packard to Acquire Aruba Networks for $3 Billion

On March 2, 2015, Hewlett-Packard and Aruba Networks, a leading provider of next-generation network access solutions for the mobile enterprise, announced a definitive agreement for HP to acquire Aruba for approximately $3.0 billion. Wilson Sonsini Goodrich & Rosati is advising Aruba in the transaction.

Aruba is a Sunnyvale, Calif.-based industry leader in wireless networking with approximately 1,800 employees. The company had revenues of $729 million in fiscal 2014, and has reported compound annual revenue growth of 30 percent over the last five years. Aruba boasts a highly regarded innovation engine and specialized sales, marketing and channel model, complementing HP's leading networking business and go-to-market breadth. Together, HP and Aruba will deliver next-generation converged campus solutions, leveraging the strong Aruba brand.

Both companies' boards of directors have approved the deal, which is expected to close in the second half of HP's fiscal year 2015, subject to Aruba stockholder and U.S. regulatory approvals.

The WSGR team advising Aruba includes the following:

Mergers & Acquisitions
Michael Ringler, Partner
Derek Liu, Associate
Martha Rose, Associate
Maggie Kao, Attorney

Tax
Ivan Humphreys, Partner

IP-Technology Transactions
Suzanne Bell, Partner
TJ Graham, Associate
Karina Pulec, Associate

Employee Benefits & Compensation
Madeleine Boshart, Partner
Brandon Gantus, Associate

Employment Law
Rebecca Stuart, Associate

Antitrust
Andrea Agathoklis Murino, Partner
Creighton Macy, Associate

Export Controls
Josephine Aiello LeBeau, Partner
Anne Seymour, Associate

Real Estate & Environmental
Susan Reinstra, Partner
Norman Cruz, Attorney

Government Contracts
Mark Fitzgerald, Partner
Mark Bass, Associate

For additional information, please see the related news release.