Juniper Networks buys Mykonos Software for $80 million

By Telecom Lead Team: Juniper Networks has acquired Mykonos Software, a provider of Intrusion Deception Systems that protect websites and web applications, for $80 million.

The acquisition will allow Juniper to extend its security portfolio with the only intrusion deception system in the industry capable of detecting an attacker before an attack is in progress.

“With this acquisition, Juniper is driving security innovation with disruptive technology that breaks from conventional ideas,” said Nawaf Bitar, senior vice president and general manager, Security Business Unit at Juniper Networks.

After the acquisition, Mykonos Software’s technology will become a key component of Juniper’s long-term vision to deliver an always protected environment across devices, applications, the network and the cloud.

“We believe the combination of Mykonos’ groundbreaking technology and Juniper’s proven expertise in delivering innovative security products at the largest scale, will enable us to provide solutions to immediate and pressing security threats for the largest enterprises and public sector institutions,” said David Koretz, chairman and chief executive officer, Mykonos Software.

Together with Mykonos, Juniper is transforming the security industry and changing the ROI of hacking by making it costly, time consuming and tedious for attackers to chase after false data.

Mykonos provides device level tracking beyond IP address tracking that allows for attackers to be uniquely identified, monitored and blocked.

The company said that customers will benefit from a proactive security approach that empowers customers to stop hackers in real-time, backed by Juniper’s scale and overall security portfolio, and strong services and support capabilities.

Recently, Jasper Design Automation, a provider of verification solutions based on formal technology, announced that its JasperGold formal technology for verification and design flows has been adopted by Juniper Networks.

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