Junipers Divests Junos Pulse For $250M
Junos® Pulse Divestiture
Today, Juniper Networks also announced it has entered into a definitive agreement to sell its Junos Pulse product portfolio to Siris Capital for approximately $250 million. Siris is a leading private equity firm focused on making control investments in data, telecommunications, technology and technology-enabled business service companies. Juniper and Siris have agreed to continued support of customers and partners through the transition. Juniper's sale of Pulse is consistent with the Company's overall strategy outlined in its Integrated Operating Plan (IOP) and further aligns the Company's security products to where its customers and the market is heading with High-IQ networks and building the next-generation of clouds.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.