Security Platforms/Tools

Juniper Buys Itself a Security Booster

Juniper Networks Inc. (NYSE: JNPR) has added to its security portfolio, announcing Wednesday that it acquired Mykonos Software Inc. for about US$80 million cash on Feb. 13.

Based in San Francisco, Mykonos has developed technology for tracking Web intrusions in real time, giving an operator or an enterprise an earlier chance to thwart the attack. In December, it added a cloud play by supporting websites and applications hosted on Amazon Web Services Inc. .

Why this matters
The security market is getting increasingly competitive, especially with F5 Networks Inc. (Nasdaq: FFIV) trying to break in. (Ha! See what we did there?) There's a concern "that underinvestment in security makes [Juniper] less competitive," analyst Simon Leopold of Morgan Keegan & Company Inc. wrote in an analysis of Juniper's fourth-quarter earnings before the acquisition was announced.

The timing of the announcement is interesting, in that the RSA Security Conference is next week. Think of it as the Mobile World Congress of security. Juniper will have a nice icebreaker there.

For more
More on why investors might be worried about Juniper:

— Craig Matsumoto, Managing Editor, Light Reading

Pete Baldwin 12/5/2012 | 5:41:51 PM
re: Juniper Buys Itself a Security Booster

Not sure Mykonos by itself counts as the kind of security boost Leopold and others were looking for, but it's an interesting technology.

I haven't had time to look into how much market reach it's got... but Mykonos did make the CRN "25 Hot Security Products at RSA" each of the last two years. (Example.)

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