Company Background

INDUSTRY LEADERSHIP

From the start, Juniper saw the opportunity to help customers build and accelerate business value from their IT infrastructures. Since then we have helped our customers stay ahead of the demands posed by the exponential growth in network users and end-points, while meeting the business imperatives for high performance, reliability and absolute security.

Juniper remains uniquely positioned to maintain industry leadership based on our core competencies in architecture, silicon design, and the industry’s only carrier-class, purpose-built "pure IP" modular network operating system — Junos®. Juniper offers a broad product portfolio, spanning routing, switching, security, application acceleration, identity policy and control, and management designed to give customers unmatched performance, greater choice and flexibility while reducing overall total cost of ownership.

Today, Juniper Networks [NYSE: JNPR] is headquartered in Sunnyvale, California, with 7,000 dedicated employees and offices in nearly 50 countries. Our customers include the top 100 global service providers, 30,000 enterprises, including 99 of the Global Fortune 100, as well as hundreds of federal, state and local government agencies and higher education organizations.

BACKGROUND

After 11 years working at the Computer Science Lab of Xerox PARC, Pradeep Sindhu took a leave of absence to consider his next steps. Noting the explosive growth of the Internet and the importance of connecting computers, Sindhu was struck by the enormous potential of the router — the fundamental building block of the network.

After some discouraging responses from venture capitalists, Sindhu managed to secure financing for his fledgling company, and Juniper Networks was incorporated February 6, 1996, in California.

Instead of starting small like many startups, Juniper decided upon what would become its signature approach — tackle the toughest problem and solve it once.

The company's first product, the revolutionary M40 router which shipped in September of 1998, did just that. The M40 far surpassed all other routers on the market and established Juniper's position as an innovative and serious player in the hardware market.

Developing the M40 was a major undertaking that required two years of research and work. During that time, to keep venture capitalists and customers happy, Juniper developed what would later become its major differentiator and the basis for all future innovation — JUNOS Software.

Since this auspicious beginning, Juniper has continued to grow and innovate, releasing new product, developing new technologies based on customers' needs, and remaining at the forefront of high-performance networking.

While Juniper Networks is primarily focused on organic innovation, we have acquired a few technologies and companies, including:

• November 1999 — Layer Five
• December 2000 — Micromagic
• November 2001 — Pacific Broadband
• May 2002 — Nexsi Systems
• July 2002 — Unisphere Networks, a subsidiary of Siemens
• April 2004 — NetScreen Technologies
• April 2005 — Kagoor
• July 2005 — Peribit Networks
• July 2005 — Redline Networks
• October 2005 — Acorn Packet Solutions
• December 2005 — Funk Software