Mergers & Acquisitions

Mergers & Acquisitions

February 23, 2012

Juniper Networks Acquires Mykonos Software

Juniper Networks (News - Alert) officials have recently confirmed the acquisition of Mykonos Software, a provider of Intrusion (News - Alert) Deception Systems that protect websites and Web applications.

This deal happened after Juniper agreed to take over Mykonos Software for a cash purchase price of approximately $80 million.

This acquisition enables Juniper to broaden its security portfolio with the Mykonos’s deception system that can detect an attacker before an attack is in progress. This even extends Juniper security footprint to bring next-generation, deception-based web application security to physical, virtual and cloud environments.

The deception-based technology helps to actively prevent attackers and stop the most sophisticated zero-day Web attacks.

Nawaf Bitar, senior vice president and general manager, Security Business Unit at Juniper Networks said that with this acquisition, Juniper is driving security innovation with disruptive technology that breaks from conventional ideas.

Bitar further said that their company’s strong history of technology execution combined with Mykonos' accomplished team ideally positions them to deliver an end-to-end security portfolio that provides an always protected environment across devices, applications, the network and the cloud.

Mykonos officials said that its the only company that can catch an attack in progress, profile the attack, learn the attacker's behavior, and then use that behavior to thwart future attacks. This software helps companies to prevent loss data and save potentially millions of dollars from prevention of fraud or lost revenue.

"We believe the combination of Mykonos' groundbreaking technology and Juniper's proven expertise in delivering innovative security products at the largest scale, will enable us to provide solutions to immediate and pressing security threats for the largest enterprises and public sector institutions,” David Koretz, chairman and chief executive officer, Mykonos Software, said.

Koretz said that they 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.

Edited by Carrie Schmelkin

blog comments powered by Disqus

FREE eNewsletter

Financial Technology Industry News