Juniper Networks Completes Acquisition of Kagoor Networks and Redline Networks
SUNNYVALE, CA - May 2, 2005 - Juniper Networks, Inc. (Nasdaq: JNPR) today announced it has completed the acquisitions of Kagoor Networks, Inc., a leading provider of session border control (SBC) products for voice-over-Internet Protocol (VoIP) networking, and Redline Networks, Inc., a pioneer in the development of Application Front End (AFE) technology. Juniper Networks announced a definitive agreement to acquire Kagoor Networks on March 29, 2005. It announced a definitive agreement to acquire Redline Networks on April 26, 2005. Juniper Networks currently expects to close the acquisition of Peribit Networks, Inc. in the third quarter of 2005 subject to certain customary closing conditions, including Hart Scott Rodino (HSR) approval.
Headquartered in San Mateo, California, with a research and development (R&D) center in Herzelia, Israel, Kagoor brings to Juniper Networks a highly skilled engineering team with deep voice expertise. In addition, the company's VoiceFlow SBC products are installed in over 100 carriers worldwide, most of which also use Juniper Networks' platforms. Kagoor also brings powerful synergies through a number of common strategic partnerships including Lucent, Siemens and NEC. Juniper Networks will leverage the acquisition to establish an Israeli R&D center which will tap into the strong engineering talent pool in Israel.
Headquartered in Campbell, California, Redline Networks designs network solutions that maximize the performance, flexibility and scalability of web-enabled enterprise data centers and public web sites. The company's family of Application Front Ends, deployed within the boundaries of corporate data centers, enables users to control and customize any web-based environment while reducing infrastructure cost and complexity. Redline Networks has over 350 enterprise customers.
About Juniper Networks, Inc.
Juniper Networks is the leader in enabling secure and assured communications over a single IP network. The company's purpose-built, high performance IP platforms enable customers to support many different services and applications at scale. Service providers, enterprises, governments and research and education institutions worldwide rely on Juniper Networks to deliver products for building networks that are tailored to the specific needs of their users, services and applications. Juniper Networks' portfolio of proven networking and security solutions supports the complex scale, security and performance requirements of the world's most demanding networks. Additional information can be found at www.juniper.net.
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