Home / M&A Activity / Juniper to Buy Network Mgmt Tech Supplier WANDL; Daniel Hua Comments

Juniper to Buy Network Mgmt Tech Supplier WANDL; Daniel Hua Comments

CybersecurityJuniper Networks (NYSE:JNPR) has agreed to purchase network design and management software provider WANDL Inc. for $60 million.

Juniper seeks to grow its technology portfolio and experience in helping customers manage traffic performance and multi-network resources through the acquisition, Juniper said Monday.

The purchase is scheduled to close next month after customary closing conditions have been met.

Daniel Hua, senior vice president and general manager for Juniper’s routing business unit, said Juniper and WANDL have previously worked together to address organizations’ cloud computing and mobility needs.

Dave Wang, WANDL president, said the companies aim to jointly build network architectures and help enterprises improve operational efficiency.

WANDL’s team will join the Juniper OpenLab to develop network-integrated applications once the transaction closes.

Check Also

Report: Private Equity Firms Near Deal to Buy AECOM’s Mgmt Services Business

Investment firms American Securities and Lindsay Goldberg are seeking to acquire the management services business of AECOM (NYSE: ACM) in a deal that could be worth up to $2.4B, Bloomberg reported Sunday.

Airbus, LM Industries Form Mobility Tech Firm ‘Neorizon’

Airbus and San Francisco-based vehicle manufacturing firm LM Industries have jointly established a company that will aim to address mobility challenges with the use of technology.