Juniper Networks acquires Mykonos Software
Juniper Networks, a Sunnyvale, Calif.-based manufacturer of Internet Protocol (IP) network products and services, announced it has acquired San Francisco-based Mykonos Software, a privately held company which offers tools and services to secure websites and web applications against hackers.
In a statement issued on Tuesday, Juniper said it paid around $80 million in cash for the provider of "deception-based technology" used to protect against zero-day attacks and advanced persistent threats.
The transaction closed on Feb. 13, 2012. Juniper stated last month that its 2011 revenue was $4,448.7 million, up nine percent from 2010.
"Acquiring Mykonos Software is a smart move for Juniper," Jeff Wilson, principal analyst at Infonetics Research, said in a statement. "There are opportunities for Juniper to sell standalone and integrated versions of the Mykonos solution."
David Koretz, chairman and chief executive officer of Mykonos Software, a serial entrepreneur who previous to his current post founded five other companies, said in a statement: "We are excited about the opportunity to leverage Juniper's world-class organization to deliver the next generation of application security based on best-of-breed proactive and preventative technology."