In FY’22, the transaction is expected to be accretive to Non-GAAP EPS.ġ28 Technology’s unique session-smart networking enables enterprise customers and service providers to create a user experience-centric fabric for WAN connectivity that’s simple, efficient, agile and secure. In FY’21, the transaction is expected to be slightly accretive to revenue and gross margins, but dilutive to Non-GAAP EPS. The acquisition is expected to close in Juniper Networks’ fiscal fourth quarter, subject to regulatory approvals and other customary closing conditions. Juniper has also coordinated for 128 Technology to issue retention focused restricted stock units, which will be assumed by Juniper. Under the terms of the agreement, Juniper Networks will acquire 128 Technology for $450 million, subject to customary adjustments, payable in cash and the assumption of outstanding equity awards. In addition, the Juniper portfolio minimizes IT costs with exceptional client-level insight and self-driving network automation and reduces network overhead while delivering better user experiences for voice over IP, 5G and collaboration applications. The combined portfolio will accelerate the industry evolution from first generation SD-WAN technology that focuses on optimizing connections from branch-to-cloud to a modern AI-driven network that optimizes user experiences from client-to-cloud.

The deal will enhance Juniper’s AI-driven enterprise network portfolio by uniting 128 Technology’s Session Smart™ networking with Juniper’s best-in-class campus and branch solutions driven by Mist AI. 19, 2020 (GLOBE NEWSWIRE) - Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, announced that the company has entered into a definitive agreement to acquire 128 Technology.

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