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HP’s big deal: Tech giant buys Aruba Networks for $2.7B

March 02, 2015 11:00 pm • Last Updated: March 03, 2015 10:42 pm

Hewlett-Packard is buying wireless networking company Aruba Networks for about $2.7 billion, the biggest acquisition by HP in recent years.

Palo Alto, Calif.-based HP said the deal will boost its commercial technology business as it prepares to split into two companies, one focused on selling commercial computer systems and the other selling personal computers and printers. Aruba, based in Sunnyvale, Calif., makes wi-fi networking systems for shopping malls, corporate campuses, hotels and universities.

The deal announced Monday is HP's biggest since CEO Meg Whitman launched a reorganizing effort in the face of declining revenue.

- Associated Press

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