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Juniper Swings $152M for Trapeze Buyout

Juniper Networks Inc. (NYSE: JNPR) is polishing up its mobile enterprise portfolio with a planned buyout of managed wireless LAN vendor Trapeze Networks Inc.

Juniper announced Tuesday that it has entered into a definite agreement to buy the hardware and software vendor for $152 million in cash. The deal is expected to close by the end of 2010.

Juniper is buying Trapeze from parent company Belden Inc. (NYSE: BDC), which initially bought the company for $133 million in June 2008. Trapeze was one of the first companies to introduce the concept of a "wireless LAN switch" for managing access points back in 2002. (See Belden Snaps Up Trapeze .)

Juniper initially struck a WLAN distribution deal with Meru Networks Inc. in 2005. (See Juniper & Meru Partner.)

Why this matters
Juniper is moving directly into competition with Cisco Systems Inc. (Nasdaq: CSCO) and Aruba Networks Inc. (Nasdaq: ARUN) in the enterprise WLAN space. In general, Juniper is currently sprucing up many aspects of its mobile business offerings, having just launched a mobile security system for enterprise and consumer cellphones. Before that the vendor launched a corporate remote access app for the iPhone and iPad.

For more
For more on Juniper in the mobile enterprise, see below:

— Dan Jones, Site Editor, Light Reading Mobile

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