Juniper to Acquire Altor
Monday, 6 Dec 2010 - 11:07 EDT
Source: http://www.juniper.net
JUNIPER NETWORKS ANNOUNCES ACQUISITION OF ALTOR
NETWORKS
Extends Juniper's Leadership Position in Security to
Virtualized Data Centers
SUNNYVALE, Calif., Dec. 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.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.
