Juniper Networks announced its intent to acquire 128 Technology. With the deal, Juniper will enhance its AI-driven enterprise network portfolio by combining Technology’s Session Smart networking with its campus and branch solutions driven by Mist AI. The new portfolio will accelerate the evolution from SD-WAN technology to a modern AI-driven network that is capable of optimizing user experiences from client-to-cloud. It will also reduce network overhead while delivering better user experiences.
According to the agreement, Juniper Networks will acquire 128 Technology for $450 million, subject to customary adjustments, payable in cash and the assumption of outstanding equity awards. The company also coordinated for 128 Technology to issue retention focused restricted stock units, which will be assumed by Juniper. The company announced that the acquisition is expected to close in Juniper’s fiscal fourth quarter.
With the integration of 128 Technology with Juniper’s WAN Assurance software, the customers will be able to get a more advanced AI-driven WAN capabilities. Including, customizable service levels, proactive anomaly detection, fault isolation with recommended corrective actions, self-driving network operations, and AI-driven support. The company also will be able to offer zero-trust access, next-generation firewall, web/content filtering, real-time threat intelligence, and advanced threat protection. Rami Rahim, CEO, Juniper Networks said,
“The acquisition of 128 Technology will enable Juniper to accelerate in a key area where we are seeing enormous success, the AI-driven enterprise. Both companies share a common vision of putting user experiences above all else and leveraging automation with proactive actions to simplify IT operations. With 128 Technology, we are adding a highly differentiated technology into our award-winning arsenal of campus and branch solutions driven by Mist AI to deliver even more customer value while further accelerating Juniper’s continued growth in the enterprise.”