Juniper Networks Celebrates Ten Years of Focus and Innovation
SUNNYVALE, Calif., February 6th, 2006 - Juniper Networks, Inc. (NASDAQ: JNPR) today announced its ten year anniversary. A pioneer from the outset, the company was founded in February 1996 with one revolutionary product and a bold mission: to revolutionize the economics of global information exchange. Since then it has grown into a major force in the industry with 8,000 customers in 75 countries, a team of over 4,000 people and annual revenue in excess of $2 billion. This success is a function of Juniper's sustained and unwavering commitment to focus and innovation.
"A decade ago, Juniper brought serious competition to the high-end router business and, in so doing, dramatically improved choice, cost and performance metrics for Internet implementers everywhere. The company has continued on its innovative and trail-blazing course. I look forward to celebrating its 20th anniversary in due time. Congratulations to Scott Kriens and all of his colleagues on reaching this significant milestone in Juniper's history," commented Vinton G. Cerf, chief Internet evangelist, Google/Regus.
"In ten short years Juniper has driven the change from an ATM core telecom network to an IP core, something no telecom carrier was even willing to consider before Juniper started. From one lone engineer with a dream, to a massive worldwide transformation in ten years - this shows the power of the entrepreneur," commented Vinod Khosla, venture capitalist and founder of Sun Microsystems.
"From its earliest days Juniper has focused on solving the most difficult customer problems through innovative use of the best available technologies," said Pradeep Sindhu, founder and chief technology officer, Juniper Networks. "Ten years ago the problem was how to scale the network reliably to support the explosion of Internet traffic. The introduction of the M40, with its revolutionary design, solved that problem and took the industry to new levels of performance. Today we're building intelligence and security into the network to solve the most pressing business problems of our service provider and enterprise customers. Our approach to solving these problems is what it has always been: to innovate using the best available technology."
Since the introduction of the M40, Juniper Networks has continued to innovate to solve customer problems with products such as the T640, the industry's first core routing platform to deliver multi-terabit scaling, earning Juniper a place in the world's most strategic and mission critical networks. These include the world's top 25 service providers, 77 per cent of the Fortune 100 and a footprint that now extends from the service provider into the enterprise. In 2003, Juniper championed the Infranet Initiative, which proposed a new model to address the security and reliability issues inherent in the Internet. The initiative achieved industry-wide support from a broad spectrum of telecom carriers and IT companies. Today, the innovation continues with the introduction of the Secure Services Gateway, an integrated security and routing platform that delivers industry-leading performance to broadband connected branch offices.
"We are very grateful for the support we have received from so many customers and friends we have worked with over the last ten years. Their collective confidence and commitment has been invaluable to Juniper in guiding the focus and execution necessary to achieve this milestone in the company's history," commented Scott Kriens, chairman and chief executive officer, Juniper Networks. "As the network becomes increasingly strategic, we will continue to drive the next decade of networking innovation."
Market Share Momentum
Throughout its history Juniper has enjoyed significant market share momentum. According to Gartner Inc, it now holds the number two slot in the overall Service Provider Routing market with more than 30 per cent share in the Core, Edge and Broadband subcategories and has held this position for more than 13 consecutive quarters. In Q4 2005, Juniper was recognized for the first time in High-End Enterprise Routing, taking the number two position with more than 25 per cent share, according to Synergy Research Group. In addition, Gartner's Magic Quadrant positions Juniper in the leaders quadrant for all of the security segments in which it competes, including Firewall, IPSec VPN, SSL VPN and IPS.
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.
Juniper Networks and the Juniper Networks logo are registered trademarks of Juniper Networks, Inc. in the United States and other countries. JUNOS is a trademark of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.