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New Deal


Announced

Completed

Juniper Networks completed the acquisition of Mist Systems for $405m.

Financials

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Transaction Value£405m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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big data

Friendly

Acquisition

wireless networks

artificial intelligence

IT Services: Other

Private

United States

Single Bidder

Completed

Majority

Synopsis

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Juniper Networks, an industry leader in automated, scalable and secure networks, completed the acquisition of Mist Systems, a pioneer in cloud-managed wireless networks powered by Artificial Intelligence. The deal will enhance Juniper’s enterprise networking portfolio by combining Mist’s next-generation Wireless LAN platform with Juniper’s best-in-class wired LAN, SD-WAN and security solutions to deliver unsurpassed end-to-end user and IT experiences. "Juniper and Mist share a common strategic goal. We believe in the Software-Defined Enterprise and Mist’s focus on bringing AI to IT is consistent with our core belief that we need to simplify operations and improve customer experience while lowering costs. With Mist, we are adding a market leading solution to complement our portfolio, drive the cloud transition within the enterprise and accelerate our enterprise growth," Rami Rahim, Juniper Networks CEO.

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