Juniper Networks Acquires Network Timing Technology from Brilliant Telecommunications, Inc.
SUNNYVALE, Calif., Feb. 18, 2011 - Juniper Networks (NYSE: JNPR) today announced it has acquired certain assets, including all the intellectual property, of Brilliant Telecommunications, Inc., a supplier of next-generation packet-based, network synchronization equipment and monitoring solutions, for approximately $4.5 million in cash.
The exponential increase in mobile data traffic is placing significant pressure on wireless providers to seek more efficient solutions that enable real-time services delivered across the network. Brilliant Telecommunications’ intellectual property addresses the complex timing and synchronization requirements of today’s networks. It will enable Juniper to extend its market-leading position by delivering solutions that offer greater flexibility for service providers as they continue to deploy 3G and 4G networks.
The transaction closed on February 18, 2011.
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