Mergers and Acquistions News
Categories: IT Services & Consulting, Hardware
December 6th 2010, 16:57PM
Juniper Networks, a US switching router firm, has announced the acquisition of Altor Networks, a virtualisation security technology provider, for $95 million (£60 million).
The deal was both announced and completed today (Monday 6th December).
Virtualisation technology enables firms to run several virtual machines through a single physical host computer.
According to the Enterprise Strategy Group, more and more companies are adopting virtualisation for use in their data centres.
Altor also provides firewalls, network monitoring tools and compliance reporting software, all geared around protecting firms' server security in the cloud.
"Juniper is excited to acquire one of the industry's leading virtualisation security vendors and the extremely talented team that built it," said Mark Bauhaus, executive vice president and general manager of service layer technologies at Juniper Networks.
According to Reuters, the deal comes as Juniper is trying to ramp up its competition with Cisco Systems, a bigger rival player, by branching out its client base from telecoms firms.
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