SUNNYVALE, CA - November 14, 2005 - Juniper Networks, Inc. (Nasdaq: JNPR) today announced it has signed a definitive agreement to acquire Funk Software, a leading provider of standards-based network access security solutions, in a cash transaction valued at approximately $122 million. This acquisition will bring key technology to enhance Juniper Networks' recently announced unified access control solution and further its strategy to secure and assure the delivery and performance of applications over an IP network. The move also reinforces Juniper's commitment to delivering standards-based solutions that protect customers' current investments, enabling them to secure the infrastructure they have today and overlay additional functionality as their needs evolve. With the addition of Funk Software's technology, Juniper will be delivering the most comprehensive, open and broadly deployed network access solution available.
"Juniper is committed to delivering standards-based solutions that enable customers to secure the infrastructure they already have, allowing them to protect their technical and financial investments. The addition of Funk Software's technology to Juniper's security products portfolio will reinforce that commitment. Once again Juniper Networks is taking a leadership role as we continue to add value and intelligence to the network," commented Rob Sturgeon, executive vice president and general manager, Security Products Group, Juniper Networks.
Funk Software develops products and technologies that protect the integrity of the network by ensuring both the user and the device meet an organization's security policies before they are granted access. These solutions include market leading products such as its RADIUS/AAA server, Steel-Belted Radius, Odyssey Client, an 802.1X client for wireless and wired networks and its recently introduced Endpoint Assurance Product suite for network-based enforcement of endpoint integrity.
Built on open standards, including those developed by the Trusted Computing Group's Trusted Network Connect (TNC) subgroup, Funk Software's products are interoperable with products from a broad range of security and infrastructure vendors and are in widespread use on every type of network, public and private, wired and wireless. These solutions complement Juniper Networks' existing endpoint intelligence, policy control and enforcement capabilities with Layer 2 support, thereby ensuring comprehensive security across both wired and wireless networks.
Funk Software's products are backed by a strong engineering team, led by founder, Paul Funk, which has consistently demonstrated thought leadership and innovation within the security standards bodies. Juniper will continue to work with its industry partners within the TNC to drive open standards.
"RSA Security has worked with both Funk and Juniper for several years with the common goal of delivering standards-based secure network access for the individual user," commented Art Coviello, president and CEO at RSA Security. "We're pleased to see these two long-term partners come together. We look forward to continuing to work together on technology sharing initiatives, cross-licensing and driving open standards to the benefit of customers worldwide."
The acquisition is expected to close in December 2005, subject to certain customary closing conditions including Hart Scott Rodino approval.
Juniper Networks will host a conference call web cast today, November 14, 2005 at 7:00 a.m. PT/10:00 a.m. ET to discuss this acquisition and related matters here. In addition, you can listen live by calling +1-415-904-7306.
There will be an audio replay available at: +1-407-977-9141, passcode: 21268886. The replays will be available 24 hours/day, including weekends, through November 21, 2005.
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About Funk Software
Funk Software is a leading provider of network access security solutions for networks of any size, from enterprise to operator, wired or wireless. The company's family of RADIUS/AAA and WLAN security products allow an organization to enforce a uniform security policy across all network access methods, including WLAN, remote/VPN, dial, and identity-based (wired 802.1X) - with the performance and reliability to handle any traffic load, and with full support for any network infrastructure. Funk Software's customers include many of the world's largest corporations, institutions, telecommunications carriers, and internet service providers (ISPs); its products are licensed or resold by numerous leading manufacturers of Internet hardware and software. Founded in 1982, Funk Software is headquartered in Cambridge, Massachusetts. For more information, visit www.funk.com.
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.
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Voor meer informatie:
Penny Still
Telefoon: +44 (0)1372 385 692
E-mail: pstill@juniper.net
Lammers van Toorenburg Benelux PR
Anja Breunis / Joffrey Vermeule
Telefoon: 030 656 50 70
E-mail: juniper@lvtpr.nl