Juniper Networks Inc. announced late Wednesday in a blog post that it has acquired Contrail Systems, a software-defined networking (SDN) startup founded waaaay back in early 2012.
Juniper is getting Contrail for $176 million in cash and stock ($57.5 million in cash, plus 5.82 million shares of Juniper), says this Securities and Exchange Commission (SEC) filing.
If you haven't yet heard of Contrail, please see two stories that give an idea of its capabilities and talent -- Contrail Wants to Be an SDN 'Compiler' and Juniper Veteran Departs for SDN Startup. This message board has a few clues, too.
We'll have more analysis of the situation Thursday. For now, it suffices to wonder if Kireeti Kompella will get his old parking spot back.
â€” Phil Harvey, Editor-in-Chief, Light Reading