Juniper Networks, Inc. is an information technology and computer networking products multinational company, founded in 1996. Juniper has its headquarters situated in Sunnyvale, California.[1] The company designs and sells Internet Protocol network products and services. Juniper was founded by Pradeep Sindhu,[2][3] Dennis Ferguson, and Bjorn Liencres[4][5] in February 1996. The company was subsequently reincorporated in Delaware on March 15, 1998[6] and went public on June 25, 1999.[7]
Juniper did not acquire a company for the first three years of its existence. In November 1999, Juniper acquired Layer Five, an intellectual property design firm.[8] The company's US$4 billion acquisition of NetScreen Technologies is its largest purchase.[9] NetScreen had acquired Neoteris before this acquisition. Unisphere, before the Juniper acquisition, initially comprised three other key networking equipment manufacturers: Redstone Communications, Argon Networks, Castle Networks.[10] Siemens had bought Castle Networks for $300 million in 1999 and then combined it with two other acquisitions to form the Unisphere Networks. Before Unisphere's sale to Juniper, Siemens bought back the Castle portion of Unisphere to form its own subsidiary.[11] Most of the companies acquired by Juniper are based in the United States. Juniper made the majority of its acquisitions in 2005. Most of the acquired companies are related to computer networking and associated products. Apart from the complete acquisition of the other companies, Juniper also bought the intellectual property of Nexsi Systems in May 2002.[12] US-based Proxy Networks, Inc., based in Boston, Massachusetts, a unit of de Anda Capital LLC, acquired the Proxy remote control software product line of Juniper Networks in 2006.[13] Proxy Networks has assumed responsibility for the continued development, marketing, sales and support of the Proxy product family, which Juniper acquired as part of its purchase of Funk Software.[14]
Since November 1999, Juniper has acquired over 14 companies.[12] Each acquisition is for the respective company in its entirety, unless otherwise specified. The acquisition date listed is the official announcement date of the agreement between Juniper Networks and the subject of the acquisition. The value of each acquisition is listed in US dollars because Juniper Networks is headquartered in the United States. If the value of an acquisition is not listed, then it is undisclosed. Juniper has officially released the financial details for most of its acquisitions.
Contents |
Acquisition date | Company | Business | Country | Value (USD) | References |
---|---|---|---|---|---|
November 15, 1999 | Layer Five, Palo Alto, CA. Founded : 1997 |
Intellectual property development and licensing | United States | US$19 million | [8][15] |
January 18, 2000 | Pacific Advantage Ltd (PAL), Hong Kong. Founded : 1994 |
Sales and marketing organization | Hong Kong | US$4 million in stock | [16][17] |
December 11, 2000 | Micro Magic Inc., Sunnyvale, CA. Founded : 1995 |
ASIC design firm | United States | US$260 million in stock and cash | [18][19] |
November 12, 2001 | Pacific Broadband Communications, San Jose, CA. Founded : 1999 |
CMTS and broadband solutions | United States | US$200 million | [20][21] |
July 2, 2002 | Unisphere Networks, Westford, MA, a subsidiary of Siemens. Founded : 1999 |
Networking equipment manufacturer, Edge routers | United States | US$585 million, which includes $375 million in cash and 36.5 million shares | [22][23] |
April 16, 2004 | NetScreen Technologies, Sunnyvale, CA. Founded: 1997 |
Network security and access solutions and appliances. | United States | US$4 billion stock for stock | [9][24] |
March 29, 2005 | Kagoor Networks, San Mateo, CA. Founded: 2000 |
Provider of session border control (SBC) products for VoIP networking | United States | US$65.7 million | [25][26] |
April 26, 2005 | Peribit Networks, Santa Clara, CA. Founded: 2000 |
Wide Area Network (WAN) optimization technology | United States | US$337 million in cash, stock and assumed stock options. | [27][28] |
April 26, 2005 | Redline Networks, Campbell, CA. Founded : 2000 |
Development of Application Front End (AFE) technology. | United States | US$132 million in cash and assumed stock options. | [27][28] |
October 25, 2005 | Acorn Packet Solutions, Mc Lean, VA. Founded : 2002 |
Time Division Multiplexing (TDM) and other circuit-based applications across next-generation IP networks. | United States | US$8.7 million | [29][30] |
November 14, 2005 | Funk Software, Cambridge, MA. Founded : 1982 |
Network access security solutions | United States | US$122 million | [31][32] |
April 8, 2010 | Ankeena Networks, Santa Clara, CA. Founded : 2008 |
New media infrastructure technology | United States | US$100 million | |
November 16, 2010 | Trapeze Networks, Pleasanton, California Founded : 2002 |
WLAN systems and management software | United States | US$152 million | |
December 6, 2010 | Altor Networks, Redwood Shores, California Founded : 2007 |
Virtual network security | United States | US$95 million |
Juniper Networks, Inc. has made 14 acquisitions, although it has not taken stake in any companies. Juniper made 1 divestiture in 2006.
Year | Acquisitions | Stakes | Divestitures |
---|---|---|---|
2010 | 3 | 0 | 0 |
2006 | 0 | 0 | 1 |
2005 | 5 | 0 | 0 |
2004 | 1 | 0 | 0 |
2003 | 0 | 0 | 0 |
2002 | 1 | 0 | 0 |
2001 | 1 | 0 | 0 |
2000 | 2 | 0 | 0 |
1999 | 1 | 0 | 0 |
Total | 14 | 0 | 1 |
|