Juniper Networks completes acquisition of NetScreen
By siliconindia staff writer   |   Monday, 19 April 2004, 19:30 IST
Printer Print Email Email
BANGALORE: Juniper Networks, Inc. has announced that it has completed its acquisition of NetScreen Technologies, Inc. The trading of NetScreen common stock will be suspended before the opening of the market on April 19, 2004 (US time). Juniper Networks also announced that, under the terms of the transaction requiring the appointment of a designee of NetScreen to the board of directors, Frank J. Marshall has been appointed to the Juniper Networks board of directors as a Class III director with a term expiring in 2005. Marshall will be replacing Vinod Khosla, who has been a significant contributor to the board of directors since 1996. "We're pleased to welcome Frank to the Juniper Networks board," commented Scott Kriens, Chairman and Chief Executive Officer of Juniper Networks. "Frank brings a wealth of knowledge regarding networking and security solutions and we look forward to his contributions." Marshall joined the board of directors of NetScreen in December 1997 and became chairman of the NetScreen board in November 2002. Marshall is a private investor in early stage high technology companies. Marshall serves as a director and advisor for several private companies and is a director for PMC-Sierra, Inc., an internetworking semiconductor solutions company. "I'm excited to be joining the Juniper Networks board," said Frank Marshall. "Juniper Networks has shown its ability to execute in a fast changing environment and to diversify throughout the world in multiple market segments."

siliconindia