Hewlett Packard Enterprise Co
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Information Technology : Technology Hardware, Storage & Peripherals | Mid Cap Value
Company profile

Hewlett Packard Enterprise Company (HPE) is an edge-to-cloud platform-as-a-service company. The Company’s segments include Compute, High Performance Compute & Mission-Critical Systems (HPC & MCS), Storage, Advisory and Professional Services (A & PS), Intelligent Edge, Financial Services (FS), and Corporate Investments. The Compute portfolio offers both general-purpose servers for multi-workload computing and workload-optimized servers. HPC & MCS portfolio offers workload-optimized servers designed to support specific use cases. FS provides investment solutions, such as leasing, financing, information technology (IT) consumption, and utility programs and asset management services, for customers that facilitate technology deployment models and the acquisition of complete IT solutions, including hardware, software and services from HPE and others. Corporate Investments include Hewlett Packard Labs, which is responsible for research and development.

Closing Price
$14.40
Day's Change
0.36 (2.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.52
Day's Low
13.99
Volume
(Average)
Volume:
14,684,123

10-day average volume:
14,268,191
14,684,123

Verizon Business expands its SD WAN portfolio with the addition of Silver Peak

8:00 am ET December 8, 2020 (Globe Newswire) Print

Verizon Business is expanding its Software Defined-Wide Area Network (SD WAN) portfolio to include the Silver Peak UnityEdgeConnect(TM) edge platform as a managed service offering.

Recently acquired by Aruba, a Hewlett Packard Enterprise company, the addition of the Silver Peak EdgeConnect platform to Verizon's SD WAN portfolio provides enterprises with new optionality to transition to an SD WAN with integrated WAN Optimization environment for the management of business applications.

"There's a transformative shift in the way that enterprises are looking to manage their WAN edge architecture, particularly in the context of today's business climate. Legacy networks simply can't keep up with the requirements of today's cloud-first enterprises and the addition of the Silver Peak EdgeConnect platform to Verizon's SD WAN portfolio is yet another achievement in driving value to businesses looking for rapid deployment of SD WAN and WAN Optimization experiences," said Aamir Hussain, senior vice president of business products at Verizon Business.

Verizon's SD WAN portfolio helps customers accelerate network transformation with advanced cloud control, centrally orchestrated and turnkey automated service assurance and management that is now integrated with Silver Peak UnityEdgeConnect(TM) appliances and SaaS-based controllers to deliver a seamless service experience. In addition, these capabilities can be delivered with other value-added capabilities such as Security, WAN Optimization and Verizon Wireless Connectivity.

"As enterprises continue to advance digital transformation initiatives, many are realizing that an intelligent WAN architecture is critical to achieving maximum value from existing and ongoing cloud investments," said David Hughes, founder of Silver Peak and senior vice president of the WAN business at Aruba. "Enterprises can benefit from Verizon's industry-leading managed services practice that now includes the Unity EdgeConnect SD WAN edge platform."

Verizon was first to market with a global SD WAN offer and the first to deliver virtualized services globally and was recently recognized as a leader in the IDCMarketScape: Worldwide Managed SD WAN 2020 Vendor Assessment (Doc #US45837420, August 2020) report.

For three years in a row, Gartner has recognized Silver Peak as a Leader in the Magic Quadrant for WAN Edge Infrastructure*.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world's leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers voice, data and video services and solutions on its award winning networks and platforms, delivering on customers' demand for mobility, reliable network connectivity, security and control.

About Silver Peak

Silver Peak, recently acquired by Aruba, a Hewlett Packard Enterprise company, delivers the transformational promise of the cloud with a business-first networking model. The Unity EdgeConnect(TM) self-driving wide area network platform liberates enterprises from conventional WAN approaches to transform the network from a constraint to a business accelerant. More than 2,000 globally distributed enterprises have deployed Silver Peak SD-WAN solutions across 100 countries. Learn more at silver-peak.com.

VERIZON'S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:

Kyle Ragonese (US)

kyle.ragonese@verizon.com

732.236.3526

Nilesh Pritam (APAC)

+65.6248.6599

nilesh.pritam@sg.verizon.com

Clare Ward (EMEA)

+44.118.905.3501

clare.ward@uk.verizon.com

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https://ml.globenewswire.com/media/e797a73c-ce36-447f-bf12-b80cc2238f0d/small/verizon-logo-1300x400-jpg.jpg

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