Juniper to acquire Kagoor Networks

CIOL Bureau
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NEW DELHI:Juniper Networks, Inc. has announced that it has signed a definitive agreement to acquire Kagoor

Networks. The transaction is valued at $67.5 million in cash, plus options and certain other incentives and equity compensation.

According to the press release, the combination of Juniper Networks' secure and assured networking solutions and Kagoor's session border control (SBC) technology, delivers a powerful solution for network operators looking to cost-effectively deploy quality Voice over Internet Protocol (VoIP) and other rich media services. Session border control technology is also one of the key building blocks required for infranets.

Headquartered in San Mateo, California, with an R&D center in Herzelia, Israel, Kagoor brings to Juniper Networks a highly skilled engineering expertise. In addition, the company's VoiceFlow SBC products are installed in over 100 carriers worldwide, most of which also use Juniper Networks' platforms. Kagoor also brings powerful synergies through a number of common strategic partnerships including Lucent, Siemens and NEC. Juniper will leverage the acquisition to establish an Israeli R&D center, which will tap into the strong engineering talent pool in Israel.

"Network operators worldwide are increasingly looking to deliver enhanced VoIP and other rich services to their enterprise and consumer customers, but they need to do this in a secure and assured fashion. SBC technology is a key element in delivering these attributes. With Kagoor, Juniper gains best-in-class SBC technology and an acknowledged center of excellence in voice," commented Juniper Networks security products group GM Kittu Kolluri.

The acquisition is expected to close in the second quarter of 2005 subject to certain customary closing conditions. Kagoor generated less than $five million of revenue in 2004.