Juniper Networks to acquire SMobile Systems

Juniper Networks has agreed to acquire Columbus, Ohio-based SMobile Systems, a privately held software company focused on smartphone and tablet security solutions, for $70 million. The acquisition will further enable Juniper customers to remotely and securely connect their PCs and smartphones to corporate networks. According to Infonetics Research, the mobile client security market is projected to grow to more than $1 billion by 2014. - GM