Hewlett Packard Enterprise acquires Wi-Fi monitoring company

|About: Hewlett Packard Enterprise (HPE)|By:, SA News Editor

Hewlett Packard Enterprise (NYSE:HPE) will acquire Cape Networks for an undisclosed amount.

Cape is a SaaS and hardware company that makes a Wi-Fi monitoring product. 

Cape Networks will become a part of HPE’s Aruba company to expand its AI-powered networking capabilities. 

The acquisition is expected to close this week or in early April. 

HPE shares are down 0.7% premarket to $17.86.