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List of acquisitions by Juniper Networks

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This is an old revision of this page, as edited by Matthewedwards (talk | contribs) at 00:49, 10 April 2009 (date formatting. Dates in references should be in same format as in the body of the article). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Juniper Networks campus in Amsterdam

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. It did not make any more acquisitions after 2006. 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 Cambridge, 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 11 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.

Acquisitions

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 [15][8]
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 stocks 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 [24][9]
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]

Acquisitions summary

Juniper Networks, Inc. has made 11 acquisitions, although it has not taken stake in any companies. Juniper made 1 divestiture in 2006.

Year Acquisitions Stakes Divestitures
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 11 0 1

References

  1. ^ "Juniper Networks, Inc. (JNPR) :Profile". Yahoo! Finance. Retrieved March 5, 2009.
  2. ^ "Pradeep Sindhu". Forbes. Retrieved January 29, 2009.
  3. ^ "On the record: Scott Kriens and Pradeep Sindhu". San Francisco Chronicle. Retrieved June 11, 2008.
  4. ^ "Feature Article: Juniper Networks Celebrates 10 Years of Innovation". Juniper Networks, Inc. Retrieved March 12, 2009.
  5. ^ "Juniper Networks Opens New Delhi Office; GrowingGlobal Presence Positions Juniper Networks to..." Business Wire. July 14, 2000. Retrieved March 12, 2009.
  6. ^ "Juniper Networks: 1999 Consolidated financial statements" (PDF). Juniper Networks, Inc. p. 13. Retrieved March 12, 2009.
  7. ^ "Investor FAQs". Juniper Networks, Inc. (cached by Google). Retrieved March 12, 2009.
  8. ^ a b "Juniper Networks, Inc. Strengthens Expertise in Building the New IP Infrastructure". Juniper Networks, Inc. November 15, 1999. Retrieved March 5, 2009.
  9. ^ a b "Juniper Networks Completes Acquisition of NetScreen Technologies and Appoints Frank J. Marshall to the Juniper Networks Board of Directors". Juniper Networks, Inc. April 16, 2004. Retrieved March 5, 2009.
  10. ^ "New Economy: Acquisitions by the technology companies of start-up small-fry offer a sampler on how deals can go wrong". The New York Times. June 5, 2000. Retrieved March 12, 2009.
  11. ^ "Siemens to buy Chantry Networks". Boston Business Journal. December 9, 2004. Retrieved March 12, 2009.
  12. ^ a b "Company Background :Acquisitions". Juniper Networks, Inc. Retrieved March 5, 2009.
  13. ^ "Proxy Networks Inc acquires Juniper Networks Inc-Proxy from Juniper Networks Inc". Thomson Financial. Mar 18, 1999. Retrieved March 5, 2009.
  14. ^ "Proxy Networks Acquires Proxy Remote Control Software Product Line From Juniper Networks". Juniper Networks, Inc. July 10, 2006. Retrieved March 5, 2009.
  15. ^ "Juniper Networks Inc acquires Layer Five". Thomson Financial. Retrieved January 29, 2009.
  16. ^ "Juniper Networks Expands Asia-Pacific Presence With Acquisition of Pacific Advantage Ltd". Business Wire). January 18, 2000. Retrieved March 5, 2009.
  17. ^ "Juniper Networks Expands Asia-Pacific Presence with Acquisition of Pacific Advantage Ltd". Juniper Networks, Inc. January 18, 2000. Retrieved March 5, 2009.
  18. ^ "Short Take: Juniper to acquire Micro Magic". CNET News. December 11, 2000. Retrieved January 29, 2009.
  19. ^ "Juniper Networks Deepens Expertise in IP Infrastructure Technology : Completes Acquisition of Micro Magic, Incorporated". Juniper Networks, Inc. December 11, 2000. Retrieved March 5, 2009.
  20. ^ "CMTS Combo: Juniper to buy Pacific Broadband for $200 M". CedMagazine. Advantage Business Media. November 13, 2001. Retrieved January 29, 2009.
  21. ^ "Juniper Networks Announces Intent to Acquire Pacific Broadband Communications". Juniper Networks, Inc. November 12, 2001. Retrieved March 5, 2009.
  22. ^ "Juniper Networks Branches Out". Forbes. May 20, 2002. Retrieved March 5, 2009.
  23. ^ "Juniper Networks Completes Acquisition of Siemens' Unisphere Networks Subsidiary". Juniper Networks, Inc. July 2, 2002. Retrieved March 5, 2009.
  24. ^ "Juniper acquires NetScreen". Network World. February 09, 2004. Retrieved January 29, 2009. {{cite web}}: Check date values in: |date= (help)
  25. ^ "Kagoor Buy Gives Juniper VoIP Smarts". Channel Web. March 29, 2005. Retrieved January 29, 2009.
  26. ^ "Juniper Networks, Inc. to Acquire Kagoor Networks". Juniper Networks, Inc. March 29, 2005. Retrieved March 5, 2009.
  27. ^ a b "Juniper buys Peribit, Redline to boost stake in enterprise market". Network World. April 26, 2005. Retrieved January 29, 2009.
  28. ^ a b "Juniper Networks to Acquire Peribit Networks and Redline Networks". Juniper Networks, Inc. July 2005. Retrieved January 29, 2009.
  29. ^ "Juniper buys Acorn Packet Solutions". American City Business Journals. October 25 2005. Retrieved January 29, 2009. {{cite web}}: Check date values in: |date= (help)
  30. ^ "Juniper Networks Acquires Acorn Packet Solutions". Juniper Networks, Inc. October 25, 2005. Retrieved March 5, 2009.
  31. ^ "Juniper acquires access security software". Boston Business Journal). November 14, 2005. Retrieved January 29, 2009.
  32. ^ "Juniper Networks to Acquire Funk Software". Juniper Networks, Inc. November 14, 2005. Retrieved March 5, 2009.
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