Juniper Networks Expands Asia-Pacific Presence with Acquisition of Pacific Advantage Ltd.
Mountain View, CA - January 18, 2000 - Juniper Networks, Inc. (Nasdaq:JNPR), a leading provider of next-generation IP infrastructure systems, today announced the expansion of its service and support capabilities with the acquisition of Pacific Advantage Ltd. (PAL). The additional staffing and expertise levels will provide sales, service and support capabilities for Juniper Networks seven Asia-Pacific offices in Hong Kong, Beijing, Sydney, Kuala Lumpur, New Delhi, and Tokyo. The staff of Pacific Advantage will be integrated into Juniper Networks Asia Pacific sales force, which is headed by Charles Will, Operations Director, Asia Pacific and Latin America. "With the acquisition of Pacific Advantage, Juniper Networks will be able to increase our sales, service and support capabilities for regional and local service providers as well as for our current multinational service provider customers such as Cable & Wireless, PSINet, and UUNET" said Charles Will.
Under the terms of agreement with PAL, Juniper Networks common stock, worth approximately $4 million, will be exchanged for all outstanding shares of PAL. Juniper Networks expects a charge of approximately $350,000 per quarter, on an ongoing basis, for goodwill associated with the acquisition.
About Pacific Advantage
Founded in 1994, Pacific Advantage is a Hong Kong-based regional sales and marketing organization with expertise in assisting communications and information technology companies with their marketing and support efforts. The founders of Pacific Advantage worked with numerous diversified technology firms in the region and offered services that included channel recruitment and development: marketing, public relations, product support and regional technical support.
About Juniper Networks, Inc.
Juniper Networks, Inc. is a leading provider of purpose-built systems that meet the scalability, performance, density, and compatibility requirements of rapidly evolving, optically-enabled IP networks. The company's purpose-built systems provide new IP infrastructure solutions for the world's leading service providers. Juniper Networks service, manufacturing teams, and IP engineers work closely with customers to build and support their networks. The company is headquartered in Mountain View, California. For more information, please visit the Web site at https://www.juniper.net.
Juniper Networks is a registered trademark of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks may be the property of their respective owners.