Networking giant Juniper Networks has announced its intent to buy 128 Technology. The two companies have entered into a definitive agreement in a cash deal worth $450 million. The acquisition will enhance Juniper’s AI-driven enterprise network portfolio. The transaction of the deal is expected to be slightly accretive to revenue and gross margins. The acquisition is expected to be closed in the fiscal fourth quarter.
By uniting with 128 Technology’s Session Smart™ networking, Juniper will have great campus and branch solutions driven by Mist AI. The companies' collaboration will help the SD-WAN technology grow into a modern AI-driven network that optimizes user experiences from client-to-cloud.
“The acquisition of 128 Technology will enable Juniper to accelerate in a key area where we are seeing enormous success – the AI-driven enterprise,” said Rami Rahim, CEO of Juniper Networks. “Both companies share a common vision of putting user experiences above all else and leveraging automation with proactive actions to simplify IT operations.
Session-based routing solution by 128 Technology has been especially groundbreaking and has given rise to experience-based networking. The combination of Session Smart Router with Juniper’s AI-driven enterprise portfolio, expansive channel, and world-class support will help Juniper Networks serve the WAN-Edge market.