Juniper Networks acquires Altor Networks
Juniper Networks has acquired Altor Networks, a provider of virtualization security technology that enables organizations to secure the virtualized world.
Under the terms of the agreement, Juniper acquired Altor for a cash purchase price of approximately $95 million, net of Altor shares already owned by Juniper.
“Juniper is excited to acquire one of the industry’s leading virtualization security vendors and the extremely talented team that built it,” said Mark Bauhaus, executive vice president and general manager, Service Layer Technologies at Juniper Networks. “This acquisition will extend our leadership in data center and cloud security and will enable customers to deploy a consistent set of security services across their physical and virtual infrastructure, while delivering lowest total cost of ownership.”
“Altor has led the virtualization security market in innovation, defense-in-depth and performance,” said Amir Ben-Efraim, CEO and co-founder of Altor Networks. “Today, we join forces with Juniper, which shares a common vision for securing data centers and the cloud, and together we look forward to extending our leadership in the VM security market. We are excited about the opportunity to leverage Juniper’s world-class organization and market-leading products to deliver tightly integrated, feature-rich security solutions to customers.”
Altor Networks was founded in 2007 by security and networking experts from some of the industry’s leading vendors. In early 2010, Juniper Networks made a venture investment in the company.
The transaction closed on December 6, 2010.