Juniper to acquire Peribit Networks and Redline Networks

HYDERABAD: Juniper Networks has announced that it has signed definitive agreements to acquire Peribit Networks, provider of Wide Area Network (WAN) optimization technology, and Redline Networks, developer of Application Front End (AFE) technology.

The Peribit Networks acquisition is valued at approximately $337 million in cash, stock and assumed stock options. The Redline Networks acquisition is valued at approximately $132 million in cash and assumed stock options.






According to the press release, these acquisitions further Juniper Networks' strategy to secure and assure the delivery and performance of applications over an IP network through best-in-class traffic processing. WAN optimization and Application Front End technologies are key elements in addressing the performance and security issues associated with an increasingly distributed and mobile enterprise.





As applications become networked across distances, the ability for users to access them with security and assurance is compromised. WAN optimization technology enables distributed enterprises to deliver LAN-quality application performance over the WAN. Application Front Ends maximize the performance, flexibility and scalability of web-enabled enterprise data centers and sites. By combining these technologies with its best-in-class IP infrastructure and security solutions, Juniper Networks delivers a solution to address these issues head on. In doing so it has defined a new category - Application Assurance.





The Peribit Networks acquisition is expected to close in the third quarter of 2005 and is subject to certain customary closing conditions, including Hart Scott Rodino (HSR) approval. The Redline Networks acquisition is expected to close in the second quarter of 2005 and is subject to certain customary closing conditions.