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Juniper to acquire Peribit Networks and Redline Networks
By siliconindia staff writer
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Friday, 29 April 2005, 19:30 IST
BANGALORE: Juniper Networks Inc. will acquire Peribit Networks, Inc., a leader in Wide Area Network (WAN) optimization technology, and Redline Networks, Inc., a pioneer in the development 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.
Peribit was founded by Amit P. Singh who is also the Chief Technological Officer (CTO) of Peribit.
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.
"Juniper Networks is capitalizing on its leadership position to redefine the networking market," commented Scott Kriens, chairman and CEO, Juniper Networks. "The addition of application acceleration technologies to Juniper Networks' best-in-class routing and security solutions is a natural extension of our traffic processing strategy. We are raising the bar on what users can and should expect from the network."
Founded in early 2000, Peribit Networks develops WAN optimization appliances. Peribit Networks' platforms and software provide customers with increased WAN capacity, faster application performance, prioritized application delivery and system-wide visibility of network and application performance.
Also founded in early 2000, Redline Networks designs network solutions that maximize the performance, flexibility and scalability of web-enabled enterprise data centers and public web sites. The company's family of Application Front Ends, deployed within the boundaries of corporate data centers, enables users to control and customize any web-based environment while reducing infrastructure cost and complexity.