Juniper Networks announced that the company has agreed to acquire 128 Technology for $450 million to enhance AI-driven enterprise network portfolio.
Juniper Networks will be uniting 128 Technology’s Session Smart networking with Juniper’s campus and branch solutions driven by Mist AI. The combined portfolio will accelerate the industry evolution from first generation SD-WAN technology to a modern AI-driven network.
In addition, the Juniper portfolio minimizes IT costs with exceptional client-level insight and self-driving network automation and reduces network overhead while delivering better user experiences for voice over IP, 5G and collaboration applications.
The acquisition is expected to close in Juniper Networks’ fiscal fourth quarter, subject to regulatory approvals and other customary closing conditions. In FY’21, the transaction is expected to be slightly accretive to revenue and gross margins, but dilutive to Non-GAAP EPS. In FY’22, the transaction is expected to be accretive to Non-GAAP EPS.
128 Technology’s session-smart networking enables enterprise customers and service providers to create a user experience-centric fabric for WAN connectivity that’s simple, efficient, agile and secure.
The 128 Technology solution delivers industry-best performance and scale at a lower operational cost than traditional WAN router and SD-WAN solutions.
Future integration of 128 Technology with Juniper’s WAN Assurance software, the branch SRX portfolio and Marvis Virtual Network Assistant, all driven by Mist AI, will enable customers to get more advanced AI-driven WAN capabilities.
128 Technology will be integrated with Juniper’s AI-Driven Enterprise business unit, which includes wired and wireless access and SD-WAN, all driven by Mist AI. The combined portfolio will give customers a unified platform for optimized 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.
Andy Ory, co-Founder and CEO of 128 Technology, said: “The combination of our Session Smart Router with Juniper’s AI-driven enterprise portfolio, expansive channel and world-class support will dramatically accelerate our vision to transform networking and make a big impact on a very large, yet still highly under-served, WAN-Edge market.”
