Juniper Networks Acquires Trapeze Networks for $152 Million
David Yen, Juniper Networks
Juniper Networks struck a deal yesterday to purchase Trapeze Networks, a technology firm focused on enterprise wireless local area network systems and management software.
With the acquisition of Trapeze Networks, Juniper will expand its routing, security and switching portfolio with innovative WLAN technology to provide customers a seamless, high-quality, secure experience to their users regardless of their location and how they access their network, said David Yen, executive vice president and general manager, Fabric and Switching Technologies at Juniper Networks.
“Juniper’s strong history of technology execution combined with Trapeze’s accomplished team ideally positions the company to deliver end-to-end high-performance networking for the world’s most-demanding networks,” he added.
The deal, worth $152 million, is anticipated to close in the fourth quarter of 2010, subject to the satisfaction of customary closing conditions and applicable regulatory reviews.
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