Juniper Networks is set to acquire Mist Systems, a provider of AI-driven wireless platform, for $405 million.
The acquisition is expected to close in Juniper Networks’ fiscal second quarter. The deal is expected to be slightly dilutive to FY 2019 Non-GAAP EPS and slightly accretive to Non-GAAP EPS in FY 2020.
Mist Systems’ AI-driven wireless platform makes Wi-Fi predictable, reliable and measurable. Mist has also developed the networking industry’s only AI-driven virtual assistant, Marvis, to simplify wireless troubleshooting and provide insight into client and network behavior.
Mist uses patented virtual Bluetooth LE technology in conjunction with Wi-Fi and IoT to deliver cost-effective location-based wireless services to customers, such as indoor wayfinding, proximity notifications, traffic analytics and asset tracking.
Mist is becoming the WLAN standard for enterprise customers across numerous industries, including two of the Fortune 10, seven of the top 40 retailers, the flagship facility at the US’s largest healthcare system, one of the top mobile carriers and one of the world’s largest airlines.
The deal will enhance Juniper’s enterprise networking business by combining Mist’s WLAN platform with Juniper’s wired LAN, SD-WAN and security solutions to deliver better user and IT experiences.
The acquisition will expand Juniper’s presence in the cloud-managed segment of the wireless networking market. Sujai Hajela is the CEO of Mist Systems.
The deal enables Juniper to extend cloud-based management and AI-driven visibility across the enterprise network — from access to the WAN.
Rami Rahim, CEO of Juniper Networks, said: “Mist’s focus on AI to IT is consistent with our belief that we need to simplify operations and improve customer experience while lowering costs.”