Juniper Networks Enters Into Definitive Agreement to Acquire BTI Systems
FREMONT, CA: California tech firm Juniper Networks (NYSE: JNPR) entered into a definitive agreement to acquire Littleton-based cloud networking firm BTI Systems, a leading provider of cloud and metro networking systems and software to content, cloud and service providers.
The acquisition is expected to allow Juniper to accelerate the delivery of open and automated packet optical transport solutions that integrate with the company’s NorthStar Controller and include network management features that enable end-to-end provisioning of new services.
Jonathan Davidson, Executive Vice President and General Manager of development and innovation at Juniper, elaborated further in a blog post, about which markets Juniper plans to target. “The combination of BTI Systems’ accomplished team, innovative and open solutions with Juniper’s longstanding switching and IP routing expertise positions the company well to take advantage of the fast growing DCI and Metro markets,” wrote Davidson.
Financial terms of the acquisition were not disclosed, and the acquisition is expected to close during the second quarter of this year. Davidson also mentioned that, “The acquisition is subject to customary closing conditions and Juniper is not disclosing the terms of the agreement at this time as the terms are not considered to be material to our financials.” On a positive note Davidson expressed—“We are excited to take this next step and welcome BTI Systems to our team.”