Juniper Networks Will Buy 128 Technology for $450 Million

Networking-products giant Juniper Networks  (JNPR) – Get Report on Monday said it definitively agreed to buy 128 Technology, a provider of software-based routing solutions, for $450 million cash.

Juniper Networks also will assume 128 Technology’s restricted-stock units designed to retain staff.

In 2021, Juniper Networks said, 128 Technology should add slightly to revenue and gross margins and dilute adjusted earnings per share. In 2022 the transaction should add to adjusted earnings.

This deal will strengthen the Sunnyvale, Calif., company’s artificial-intelligence enterprise-network portfolio.

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