Juniper Networks, a solution provider in switching, routing, and security, has announced their intentions to acquire Mist Systems for consideration of $405 million. Sujai Hajela, CEO of Mist Systems, has insured that it will be business as usual.
Mist Systems will be leveraging more resources from Juniper Networks as Juniper will be adding a solid wireless solution to their portfolio.
Mist Systems will now have a bigger global footprint and an integrated Artificial Intelligence (AI) solution with the wired network.
The acquisition is expected to close on Juniper Network's fiscal second quarter.
Juniper Network's will take another attempt at bringing in a wireless solution into their portfolio. Mist Systems has a strong product offering which may be what Juniper needs to remain competitive in a wireless-driven world.