Juniper Networks to acquire 128 Technology for $450m.

Juniper Networks, which develops and markets networking products, including routers, switches, network management software, network security products, and software-defined networking technology, agreed to acquire 128 Technology, a provider of software-based routing solutions that enable enterprises and service providers to build networks, for $450m. “The acquisition of 128 Technology will enable Juniper to accelerate in a key area where we are seeing enormous success – the AI-driven enterprise. Both companies share a common vision of putting user experiences above all else and leveraging automation with proactive actions to simplify IT operations. With 128 Technology, we are adding a highly differentiated technology into our award-winning arsenal of campus and branch solutions driven by Mist AI to deliver even more customer value while further accelerating Juniper’s continued growth in the enterprise,” Rami Rahim, Juniper Networks CEO.