Juniper Networks buys Mist Systems for USD 405 mln

Monday 4 March 2019 | 14:47 CET | News
Update: 5 March 2019 | 08:58 CET
Juniper Networks has agreed to acquire Mist Systems, a specialist in AI cloud-managed mobile networks, for USD 405 million. The transaction is expected to close in Juniper's fiscal second quarter. It will likely have a slightly accretive effect to adjusted earnings per share in 2020, after having a small dilutive effect this year, the company said. With the deal, Juniper will combine Mist's WLAN platform with its own wired LAN, SD-WAN and security system, for an end-to-end user and IT offering.

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[05/03/2019 08:58- Update: added some info on Mist]

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Categories: General
Companies: Juniper Networks / Mist Systems
Countries: World
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