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Press Release -- July 27th, 2010
Source: Juniper Networks
Tags: Exchange

Juniper Networks to Acquire SMobile; Expands Junos Software Portfolio for Most Comprehensive Mobile Device Security Solution

SMobile Portfolio Will Be Integrated Into Junos® Pulse To Deliver Robust Security for Smart Phones and Tablets

SUNNYVALE, Calif., July 27, 2010 — Juniper Networks® (NASDAQ:JNPR, news, filings) today announced it has entered into a definitive agreement to acquire Columbus, Ohio-based SMobile Systems, Inc., a privately held software company focused solely on smart phone and tablet security solutions for the enterprise, service provider and consumer markets. The total transaction consideration at closing will be approximately $70 million in cash.

SMobile's product portfolio protects devices running on Android, Apple iOS (which powers iPhones and iPads), Symbian, BlackBerry and Windows Mobile operating systems from viruses, spyware, identity theft and other threats, while providing parental and enterprise controls. Juniper will integrate this portfolio into Junos® Pulse, an innovative software platform that brings ubiquitous connectivity, security and acceleration to smart phones, tablets, netbooks and notebooks.

According to industry analyst firm Infonetics Research1, the mobile client security market is projected to grow to more than $1 billion by 2014. The combination of Junos Pulse and SMobile will deliver a secure mobile Internet experience for both consumer and business users on any mobile smart device. This will help address emerging security threats as smart devices become an essential tool to exchange data and access networks, and the potentially sensitive information on them.

"Security breaches in today's mobile environment are growing threats that impact everyone," said Mark Bauhaus, executive vice president and general manager, Services Layer Technologies at Juniper Networks. "Juniper already secures the majority of smart phone traffic in the United States, is a global leader in high-end firewalls and the SSL VPN2 market, and enables more than 25 million end users to remotely and securely connect their PCs and smart phones to corporate networks. Integrating SMobile's portfolio into Junos Pulse will provide users with the most comprehensive mobile security solution available on the market."

"The SMobile mission has always been to secure, manage and control all mobile devices, ensuring the Internet in your hand is safe and reliable — for enterprises, consumers and service providers," said Neil Book, president and CEO of SMobile. "We are excited and energized about the opportunity to leverage Juniper's world-class organization and global sales channel to continue to provide the most feature-rich and robust mobile security solutions in the market."

For more information about today's news, please refer to the following resources:

 

About Juniper Networks

From devices to data centers, from consumers to the cloud, Juniper Networks delivers innovative software, silicon and systems that transform the experience and economics of networking. The company serves more than 30,000 customers and partners worldwide, and generated more than $3 billion in revenue over the last year. Additional information can be found at www.juniper.net.

Juniper Networks and Junos are registered trademarks of Juniper Networks, Inc. in the United States and other countries. The Juniper Networks and Junos logos are trademarks of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

Statements in this release concerning Juniper Networks' business outlook, future financial results, future product features and performance and overall future prospects, including but not limited to, the completion of the acquisition of SMobile Systems and the possible effect of the acquisition on Juniper Networks' product portfolio, business and financial results, are forward looking statements that involve a number of uncertainties and risks. Actual results could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: the ability to successfully acquire, integrate and manage SMobile Systems' business and technologies; general economic conditions globally or regionally; business and economic conditions in the networking industry; the network requirements of communication service providers; increases in and the effect of competition; customer and industry analyst perceptions of Juniper Networks and its technology, products and future prospects; delays in scheduled product availability; market acceptance of Juniper Networks' products and services; rapid technological and market change; product defects, returns or vulnerabilities; the ability to retain key personnel; and other factors listed in our most recent report on Form 10-Q filed with the Securities and Exchange Commission. All statements made in this press release are made only as of the date set forth at the beginning of this release. Juniper Networks undertakes no obligation to update the information in this release in the event facts or circumstances subsequently change after the date of this press release.

1 Source: "Security Client Software Market Size, Share and Forecasts April 2010," Infonetics Research
2 Source: "Network Security Appliances and Software Market Size, Share and Forecasts 1Q10," Infonetics Research

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