SOURCE: Juniper Networks
December 06, 2010 09:00 ET
Juniper Networks Announces Acquisition of Altor Networks
Extends Juniper's Leadership Position in Security to Virtualized Data Centers
SUNNYVALE, CA--(Marketwire - December 6, 2010) - Juniper Networks (NYSE: JNPR) today announced it has acquired Altor Networks, a leading provider of virtualization security technology that enables organizations to secure the virtualized world. This acquisition will allow Juniper to extend its market-leading security position by delivering an integrated, highly-scalable security architecture that protects physical and virtual systems. Under the terms of the agreement, Juniper acquired Altor for a cash purchase price of approximately $95 million, net of Altor shares already owned by Juniper.
The acquisition builds on Juniper's existing technology partnership with Altor and will extend Juniper's leadership in security for both the enterprise and service provider virtualization markets. As organizations rely more on virtual servers for critical applications, concern around server security in the cloud has increased. Altor has developed some of the industry's most advanced capabilities to address this challenge, including a high-performance hypervisor-based firewall, on-board intrusion detection, complete network visibility and monitoring and comprehensive reporting for compliance. Altor's solution enables security visibility, compliance and control over the entire virtual machine infrastructure, giving security teams' visibility to understand the applications, services and traffic being sent between virtual machines.
Virtualization technology enables multiple virtual machines to run on a single physical host, with each virtual machine sharing the resources of that hardware across multiple environments. An increasing number of enterprises have virtualization technology deployed in some portion of their data center, with that number expected to increase, according to a recent study by Enterprise Strategy Group (ESG).1
"Juniper is excited to acquire one of the industry's leading virtualization security vendors and the extremely talented team that built it," said Mark Bauhaus, executive vice president and general manager, Service Layer Technologies at Juniper Networks. "This acquisition will extend our leadership in data center and cloud security and will enable customers to deploy a consistent set of security services across their physical and virtual infrastructure, while delivering lowest total cost of ownership."
"Altor has led the virtualization security market in innovation, defense-in-depth and performance," said Amir Ben-Efraim, CEO and co-founder of Altor Networks. "Today, we join forces with Juniper, which shares a common vision for securing data centers and the cloud, and together we look forward to extending our leadership in the VM security market. We are excited about the opportunity to leverage Juniper's world-class organization and market-leading products to deliver tightly integrated, feature-rich security solutions to customers."
Altor Networks was founded in 2007 by security and networking experts from some of the industry's leading vendors. In early 2010, Juniper Networks made a venture investment in the company.
The transaction closed on December 6, 2010.
For more information about today's news, please refer to the following resources:
1) Enterprise Strategy Group, "The Evolution of Server Virtualization," November 2010
About Altor Networks
Altor Networks is the leading innovator and provider of security for virtual data centers and in the cloud. The company developed the world's first purpose-built firewall for virtual networks and has continued to embed multiple layers of protections including on-board intrusion detection (IDS). Altor's virtualization security solutions are currently protecting some of the world's most demanding virtual environments, including federal, state and local governments, and well-known service providers, universities and retailers. Founded in 2007 by security and networking experts from some of the industry's leading vendors, Altor Networks is headquartered in Redwood Shores, California. For more information, visit www.altornetworks.com.
About Juniper Networks
Juniper Networks is in the business of network innovation. From devices to data centers, from consumers to cloud providers, Juniper Networks delivers the software, silicon and systems that transform the experience and economics of networking. The company serves customers and partners worldwide, generating revenues exceeding $3 billion over the last year. Additional information can be found at Juniper Networks (www.juniper.net).
Juniper Networks and Junos are registered trademarks of Juniper Networks, Inc. in the United States and other countries. The Juniper Networks and Junos logos are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.
Statements in this release concerning Juniper Networks' business outlook, future financial results, future product features and performance and overall future prospects, including but not limited to, the possible effect of the acquisition of Altor Networks on Juniper Networks' product portfolio, business and financial results, are forward-looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: the ability to successfully integrate and manage Altor Networks' business and technologies; general economic conditions globally or regionally; business and economic conditions in the networking industry; the network requirements of enterprises; increases in and the effect of competition; customer and industry analyst perceptions of Juniper Networks and its technology, products and future prospects; delays in scheduled product availability; market acceptance of Juniper Networks' products and services; rapid technological and market change; product defects, returns or vulnerabilities; the ability to retain key personnel; and other factors listed in our most recent report on Form 10-Q filed with the Securities and Exchange Commission. All statements made in this press release are made only as of the date set forth at the beginning of this release. Juniper Networks undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.