SUNNYVALE, Calih., Oct. 19, 2020 (GLOBE NEWSWIRE) — Juniper Networks (NYSE: JNPR), a provider of AI-controlled secure networks, announced that it has entered into a final agreement to acquire 128 technologies. The agreement will expand Juniper`s portfolio of AI-managed enterprise networks by combining 128 Technologies` Smart™ session networks with Juniper`s best-in-place campus and subsidiary solutions, powered by Mist AI. The combined portfolio will accelerate the industry`s development of first-generation SD-WAN technology, focused on optimizing branch-to-cloud connections, to a modern AI-managed network that optimizes the user experience from one customer to another. Statement in this press release on Juniper Networks` business, strategy and focus; our agreement to acquire 128 technologies; the results, savings and improvements achieved through the technology of 128 technologies, including integration into Juniper Networks solutions; And our general outlook for the future is forward-looking statements that involve a number of uncertainties and risks. Due to several factors, actual results or events may differ materially from those anticipated in these forward-looking statements, including, but not limited to, our ability to complete the planned acquisition in a timely manner, and even our ability to integrate the acquired business and its technology, potential benefits of the transaction for Juniper Networks and our customers, the effectiveness of the 128 technologies and other factors listed in our latest Report on Form 10-Q to the Securities and Exchange Commission. All statements contained in this press release are valid only at the time of publication of this press release. Juniper Networks does not undertake to update the information contained in this press release if the facts or circumstances change after the date of this press release. Stop overspending on your Juniper network maintenance services and save capital expenditures by slowing down the hardware update cycle.
With Express Service, you won`t find any hidden fees or penalties. The JTAC Reference Guide does not address terms and definitions of service level agreements and response times. See how easy it is to get exceptional support with Express Service and significant savings on Juniper Network Services How easy is it to change your juniper Network Maintenance Service? As part of the agreement, Juniper Networks will acquire 128 technologies for $450 million, subject to customary adjustments, payable in cash and ongoing capital buybacks. Juniper has also coordinated for 128 technologies to spend conservation-focused Restricted Stock Units, which are taken over by Juniper. The acquisition is expected to be completed in the fourth quarter of Juniper Networks` business, subject to regulatory approvals and other customary closing conditions. In the GJ`21, the transaction is expected to be slightly positive on revenue and gross margins, but diluting on non-GAAP EPS. In GJ`22, the operation should be positive for non-GAAP-EPS. The unique smarte session network of 128 technologies enables enterprise customers and service providers to create a user experience-centric fabric for WAN connectivity that is simple, efficient, agile, and secure. . . .