It has been nearly one month since we announced we entered into a definitive agreement to acquire Juniper Networks. The proposed acquisition presents an immense opportunity for HPE and our stakeholders, and it has ignited excitement among our customers and partners.
The proposed acquisition of Juniper Networks accelerates our opportunity to capture the immense opportunity AI presents to us by delivering a modern AI-driven networking fabric to train and deploy AI applications, while pivoting our HPE portfolio mix to higher growth and higher gross margin areas of the market. Juniper Networks complements our amazing HPE Aruba Networking portfolio in Campus and Branch and turbo charges the opportunity to accelerate growth in the AI, Data Center, Service Provider and Cloud segments.
Our objective is to better address customer challenges by integrating two of the most innovative and competitive organizations in the networking industry and disrupt the status quo. Our combined business will create a new full-service networking company, with a customer-centric approach to product development and a comprehensive portfolio that delivers value for our customers.
We are pursuing this acquisition because we believe the combination of HPE and Juniper Networks will radically change the networking industry – not by eliminating products from either portfolio – but by creating greater choice in this sector. The incredible thing about a combination like this one is that there are strong offerings on both sides and by bringing them together, we will be accelerating value and flexibility for all of our customers. While it is too early for us to make any decisions or announcements regarding future product roadmaps, my commitment is that all HPE portfolio decisions will continue to be made carefully and thoughtfully.
The acquisition is expected to close in late calendar year 2024 or early calendar year 2025. For now, we continue business as usual, with HPE and Juniper maintaining their current product lines and services. All of the products HPE currently offers for sale, including hardware, services, and solutions delivered via HPE Aruba Networking Central, remain available for purchase and all of our standard end-of-life policies remain in effect.