Networking and cybersecurity company Juniper Networks has acquired Mist Systems to enhance its wireless LAN (WLAN) platform and security offering.
By completing this deal, Juniper Networks is hoping to combine the Mist WLAN platform with its own wired LAN, SD-WAN and security solutions in order to give an end-to-end experience for customers.
Juniper is hoping the acquisition will extend its presence in the cloud-managed segment of wireless networking and increase its cloud-based management and end-to-end AI-driven visibility in the enterprise network.
The deal is expected to close in Q2 2019 and is worth $405m, but this is subject to adjustment.
Mist has designed an AI-driven wireless platform which makes WI-FI more predictable, reliable and measurable. This helps to simplify troubleshooting and provide deeper insights into client and network behaviours.
California-based Juniper Networks eases networking problems with products and services. In addition to a range of network tools and services, the company provides cybersecurity tools, such as firewalls, advanced threat protection, and visibility, management and analytics.
Juniper Networks CEO Rami Rahim said, “Mist Systems is a great fit for Juniper and for our enterprise customers. 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.”
Copyright © 2018 RegTech Analyst
