Juniper Networks announced that it has entered into a settlement agreement with Palo Alto Networks, resolving patent litigation between the two companies. Under the terms of the settlement, Palo Alto Networks will make a one-time payment to Juniper Networks of USD 75 million in cash and USD 100 million in shares of common stock and warrants to purchase common stock. Juniper Networks and Palo Alto Networks will dismiss all patent litigation pending in Delaware and California and license each other the patents involved in the infringement suits for the life of the patents. The two also agreed not to sue each other for patent infringement for eight years.
