Relationships mean everything on Wall Street, and perhaps nowhere has this been more obvious than Goldman Sachs’s quarter-century-long journey with Juniper Networks.
In January, Juniper, once one of the hottest startups and which helped revolutionize the networking space, agreed to sell itself to Hewlett Packard Enterprise for $14 billion. Juniper CEO Rami Rahim, who started with the company about 28 years ago, will lead the new HPE networking business and report to Antonio Neri, HPE’s president and CEO. It’s unclear how many of Juniper’s 11,000 employees are joining HPE or whether Juniper will keep its name. HPE, according to a spokeswoman, will evaluate team structures and needs throughout the integration process and decide on branding after the deal closes.
