Network Security

Juniper Networks acquires Mykonos Software

Juniper Networks, a Sunnyvale, Calif.-based manufacturer of Internet Protocol (IP) network products and services, announced it has acquired San Francisco-based Mykonos Software, a privately held company which offers tools and services to secure websites and web applications against hackers.

In a statement issued on Tuesday, Juniper said it paid around $80 million in cash for the provider of "deception-based technology" used to protect against zero-day attacks and advanced persistent threats.

The transaction closed on Feb. 13, 2012. Juniper stated last month that its 2011 revenue was $4,448.7 million, up nine percent from 2010.

"Acquiring Mykonos Software is a smart move for Juniper," Jeff Wilson, principal analyst at Infonetics Research, said in a statement. "There are opportunities for Juniper to sell standalone and integrated versions of the Mykonos solution."

David Koretz, chairman and chief executive officer of Mykonos Software, a serial entrepreneur who previous to his current post founded five other companies, said in a statement: "We are excited about the opportunity to leverage Juniper's world-class organization to deliver the next generation of application security based on best-of-breed proactive and preventative technology."

An In-Depth Guide to Network Security

Get essential knowledge and practical strategies to fortify your network security.

Get daily email updates

SC Media's daily must-read of the most current and pressing daily news

By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy.

You can skip this ad in 5 seconds