{"id":10823,"date":"2019-03-06T10:22:03","date_gmt":"2019-03-05T23:22:03","guid":{"rendered":"http:\/\/passionateaboutoss.com\/?p=10823"},"modified":"2020-01-17T11:07:56","modified_gmt":"2020-01-17T00:07:56","slug":"juniper-networks-to-acquire-mist-systems","status":"publish","type":"post","link":"https:\/\/passionateaboutoss.com\/directory\/juniper-networks-to-acquire-mist-systems\/","title":{"rendered":"Juniper Networks to acquire Mist Systems"},"content":{"rendered":"

Juniper Networks Announces Intent to Acquire Mist Systems to Bring AI to IT, Delivering on Promise of Software-Defined Enterprise<\/a>.<\/p>\n

Juniper Networks announced that the company has entered into a definitive agreement to acquire Mist Systems, a pioneer in cloud-managed wireless networks powered by Artificial Intelligence (AI). The deal will enhance Juniper\u2019s enterprise networking portfolio by combining Mist\u2019s next-generation Wireless LAN (WLAN) platform with Juniper\u2019s best-in-class wired LAN, SD-WAN and security solutions to deliver unsurpassed end-to-end user and IT experiences. <\/p>\n

Under the terms of the agreement, Juniper Networks will acquire Mist for aggregate consideration of $405 million, subject to adjustment, payable in cash and the assumption of outstanding equity awards. The proposed acquisition is expected to close in Juniper Networks\u2019 fiscal second quarter, subject to regulatory approvals and customary closing conditions. It is expected to be slightly dilutive to FY\u201919 Non-GAAP EPS and slightly accretive to Non-GAAP EPS in FY\u201920.<\/p>\n

Mist has built the world\u2019s first AI-driven wireless platform, which makes Wi-Fi more predictable, reliable and measurable. Mist has also developed the networking industry\u2019s only AI-driven virtual assistant, Marvis, to simplify wireless troubleshooting and provide unprecedented insight into client and network behavior. In addition, Mist uses patented virtual Bluetooth\u00ae LE technology in conjunction with Wi-Fi and IoT to deliver scalable and cost-effective location-based wireless services to customers, such as indoor wayfinding, proximity notifications, traffic analytics and asset tracking. All operations are managed via Mist\u2019s modern cloud microservices architecture for maximum scalability, agility and performance. As a result, Mist is quickly becoming the WLAN standard for enterprise customers across numerous industries, including two of the Fortune 10, seven of the top 40 retailers, the flagship facility at the US\u2019s largest healthcare system, one of the top mobile carriers and one of the world\u2019s largest airlines.<\/p>\n

The acquisition will expand Juniper\u2019s presence in the rapidly growing cloud-managed segment of the wireless networking market. Further, the deal enables Juniper to extend cloud-based management and end-to-end AI-driven visibility (\u201cAI for IT\u201d) across the end-to-end enterprise network (from access to the WAN) to offer an industry-leading, software-defined and highly differentiated solution for simplifying operations, improving user experience and lowering total cost of ownership (TCO).<\/p>\n

\u201cMist Systems is a great fit for Juniper and for our enterprise customers,\u201d explained Rami Rahim, CEO of Juniper Networks. \u201cJuniper and Mist share a common strategic goal. We believe in the Software-Defined Enterprise and Mist\u2019s focus on bringing AI to IT is consistent with our core belief that we need to simplify operations and improve customer experience while lowering costs. With Mist, we are adding a market leading solution to complement our portfolio, drive the cloud transition within the enterprise and accelerate our enterprise growth.\u201d<\/p>\n

\u201cMist Systems has developed a unique blend of wireless, AI and cloud expertise that has enabled us to stand out from the competition and bring much needed innovation to the wireless space,\u201d said Sujai Hajela, CEO of Mist Systems. \u201cBy combining these proficiencies with Juniper\u2019s expansive channel reach, world-class support and best-in-class networking and security products, we believe we will be well poised to change the IT landscape by ushering in a new generation of AI-driven products.\u201d<\/p>\n

\u201cThe joint Mist and Juniper solution delivers excellent visibility into the entire wired\/wireless stack and uniquely leverages AI for proactive automation, making it a perfect fit for our campus environment,\u201d said Mitch Davis, Vice President and CIO at Dartmouth College. \u201cI am excited to see these two best-of-breed solutions tightly aligned and I look forward to seeing even more integration and innovation going forward, as it is key to our mission of delivering world-class IT experiences to our students, faculty, staff and guests.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Juniper Networks Announces Intent to Acquire Mist Systems to Bring AI to IT, Delivering on Promise of Software-Defined Enterprise. Juniper Networks announced that the company has entered into a definitive agreement to acquire Mist Systems, a pioneer in cloud-managed wireless networks powered by Artificial Intelligence (AI). The deal will enhance Juniper\u2019s enterprise networking portfolio by […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[30],"tags":[483],"class_list":["post-10823","post","type-post","status-publish","format-standard","hentry","category-news","tag-juniper-networks"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/posts\/10823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/comments?post=10823"}],"version-history":[{"count":1,"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/posts\/10823\/revisions"}],"predecessor-version":[{"id":12164,"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/posts\/10823\/revisions\/12164"}],"wp:attachment":[{"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/media?parent=10823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/categories?post=10823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/passionateaboutoss.com\/directory\/wp-json\/wp\/v2\/tags?post=10823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}